Bundle Africa, a crypto payments app in Nigeria has shut down their crypto exchange operations after 3 years. They will now focus on the peer to peer payment service Cashlink on their app.
In other words, Bundle Africa is saying bye bye to buying and selling crypto on their app. They will now focus more on the Cashlink service which allows people send crypto and cash to each other on the Bundle Africa app.
So what does this mean for Bundle Africa users? Here are the important points:
- You can no longer sign up fresh accounts on Bundle Africa app.
- You cannot deposit more crypto into your Bundle Africa wallet.
- You can only withdraw crypto from your Bundle Africa wallet, especially USDT.
- Bundle Africa is giving users till August 30 to convert their crypto to USDT, then withdrawal before September 10.
- Funds in Bundle Africa wallets are safe but withdraw before September 10 just in case.
In summary, Bundle Africa is shutting down their crypto exchange part of the business but keeping the peer to peer payment service Cashlink. Users need to withdrawal all funds from their Bundle Africa wallets as soon as possible.
