In a notable industry advancement, Bundle – a distinguished Nigerian social payments application – pulled the plug on its cryptocurrency exchange segment on July 20. According to an official statement announced on Bundle’s blog, this motion is based on the aspirations to grow and fortify the efficiency and proliferation of CashLink – the company’s signature payments solution. This latest business restructuring is in compliance with the shareholders’ decision to emphasize the importance of CashLink features. Bundle accounts for its pivot into the value spike observed in the blockchain and Web3 ecosystems. To get the users in gear, Bundle’s official press release took effect. It revealed immediate changes, most notably due to insolvency, users can no longer register on Bundle apart from USDT, as well as deposit assets in to their accounts – or interchange cryptocurrencies within it. To make a CashLink withdrawal work, users must pile up reserves in Bundles either in NGN or fiat. Drawing the curtain against this entity, all users are encouraged to withdraw their assets in full before or by September 12, 2023. The company has given distinct steps by region, most specifically aimed at users from Nigeria, Ghana, Kenya and Francophone countries, making the retrieval process more seamless. Nigerian users can transfer cash with CashLink transactions or through their bank accounts using P2P express. Those who have a balance close to, or below $ 10, special conversion links will be available to them. Ghanaian, Kenyan and Francophone users, alternatively, are encouraged to operation cash with CashLink, in addition to other available options such as USDT in wallets that meet the withdrawal criterion of $10 as a minimum. This transformation reshuffles Bundle’s place in the industry, while still ensuring that users get the best experience on its platforms perfectly and at its best, tuned to the ever-evolving dynamic standards of the cryptocurrency niche.
