Crypto startup Bundle Africa has announced that it’s closing its exchange platform in September 2023.
The company will focus its efforts on Cashlink, its peer-to-peer (P2P) payment platform.
What They’re Saying
“We will cease operations of exchange services as part of the Shareholders’ decision to restructure the business to focus on Cashlink,” the company said in a statement.
“As Web3 and the blockchain community continue to grow, there is a need to focus on payment solutions that meet the ecosystem’s needs, which is the plan with Cashlink.”
Driving The News
With the closure of the exchange platform in September, users will be unable to access the platform and perform any actions including depositing or withdrawals.
The company said users can withdraw all their money and transfer it to any other wallets before the closure date, which is August 30th.
*Ghana-based users with less than $10 can use this link and the ones in Francophone Africa and Kenya this one.
What Happens Next
The company will be moving forward with its Cashlink platform which allows crypto users to get cash in and out of Web3 applications.
About Bundle Africa
Since it was founded three years ago, Bundle Africa launched three years ago and had 50,000 monthly active users.
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