Nigeria’s Social Payments App Bundle Shuts Down Crypto Services

• Bundle, a popular Nigerian social payments app, has announced that it would be discontinuing its cryptocurrency exchange service.
• All customers are urged to remove their funds no later than September 12, 2023.
• Nigeria is the first nation in Africa to introduce Central Bank Digital Currency (CBDC) and several other nations have followed suit.

Bundle Shuts Down Crypto Services

Bundle, a social payments app popular in Nigeria, has announced that it will be discontinuing its cryptocurrency exchange service. The decision was made by its shareholders to reorganize the firm to concentrate on Cashlink. All Bundle customers are urged to remove their funds from the app no later than September 12, 2023.

Removing Funds Effectively

In order to withdraw funds effectively, Bundle outlined specific procedures for its consumers in Nigeria, Ghana, Kenya, and other francophone nations. Users may transfer their Bundle cash to their choice of cryptocurrency exchange or utilize Cashlink and P2P express as two methods for getting naira or transferring money to their bank accounts. If the account balance is less than $10 then users may cash out using the link given to them.

Nigeria Introduces eNaira

In October 2021 Nigeria introduced eNaira which is the first Central Bank Digital Currency (CBDC) in Africa and the second in the world since then several other nations have announced plans to introduce their own CBDCs as well.

Craig Wright’s Bitcoin Copyright Lawsuit

British Court Accepts Craig Wright’s Appeal in Bitcoin Copyright Lawsuit this year related with cryptosystems and blockchain technology is also gaining attention worldwide .

Conclusion

The recent move by Bundle of discontinuing crypto services shows how digital currencies are becoming increasingly important throughout different parts of the world with various countries introducing CBDCs as well as developments in copyright lawsuit cases involving cryptocurrencies like Bitcoin .