Binance is gradually adding coins to its platform and is working to provide it as an option for users of the platform to buy and sell cryptocurrencies.

Binance recently announced the addition of the option to buy cryptocurrency against the Turkish lira.

This will allow Binance users to buy Bitcoin, Ethereum and Ripple directly using the Turkish Lira.

As for the sell option, it is not possible at the moment.

The lira support is provided by the “Papara” electronic payments company in Turkey.

Papara has a license from the Turkish Banking Regulation and Supervision Agency to operate as an electronic financial institution, according to its location official online.

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Papara has previously raised $2 million in funding so far, according to Crunchbase.

Thus, the Turkish lira becomes the sixth fiat currency that Binance supports for its commercial transactions directly against crypto, after each of the following:

Nigerian naira (NGN), Russian ruble (RUB), euro (EUR), Ukrainian hryvnia (UAH) and Kazakhstani tenge (KZT).

Mr. Changpeng Zhao, CEO of Binance recently stated:

The platform plans to support all 180 currencies in the world to buy crypto directly.

One of the main things I want to do for the next few months of six to nine months or so is get the other 180 banknotes built on Binance.

Zhao believes that adding fiat currencies to platform users around the world is very important to reduce the obstacle and barrier that prevents users from using crypto.

Last month, crypto exchange Huobi Global announced that it will open a gateway to accept fiat currencies in Turkey by the end of this year, and offer the trading pair (Turkish lira vs. Tether).

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Turkey is preparing to test its digital currency (lira) next year

Huobi platform raises $4.6 million for expansion