Binance Adds Its Sixth Fiat-To-Crypto: The Turkish Lira

By Alo Kingsley   Nov 18, 2019 1 Min Read - 2019-11-18T151922.395.jpg


At the moment the crypto community seems too busy to notice the recent addition of Lira, Turkish fiat currency to enable trading against Bitcoin, Ethereum, and XRP on the Binance web platform. However, it is only possible to buy with the fiat currency.


The selling option is yet to be enabled at press time. The addition of the Lira on Binance was made possible through the partnership with Papara, Turkey-based electronic payments firm.


This development of Fiat-to-Crypto was announced on the official Binance blog on October 24, 2019, following the introduction of Naira which brought a lot of excitement to many Nigerians crypto enthusiasts and traders as reportedon Oct. 25, adding that Binance was able to achieve this through partnering with Flutterwaves, a Nigerian based electronic payment company that aims to help banks and businesses build secure and reliable payment solution for their users.


According to the news, trading pairs include BUSD/NGN, BNB/NGN, and BTC/NGN, which means that users can now use Naira deposits to purchase BUSD, BNB, and BTC.


The Turkish lira is the sixth fiat currency added to Binance’s fiat-to-crypto offering. The first was the Nigerian naira (NGN), followed by the Russian ruble, the European Euro (EUR), the Kazakhstani tenge (KZT), and the Ukrainian hryvnia (UAH).


Image via Shutterstock



About the author

Alo Kingsley
A blockchain/cryptocurrency enthusiast and writer with immense interest in the decentralized power inherent in cryptocurrencies and the growth of the disruptive innovation of blockchain in, Africa. I also believe that the government needs the power of cryptocurrencies just as cryptocurrencies need the power of the government. When I'm not writing, I'm meeting friends and seeing movies, swimming and playing chess will soon be added to the list.

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