A Nigerian Web3 and cryptocurrency company, Bundle Africa, announced its exchange platform will shut down in September 2023.
As a result, the company will be able to concentrate on Cashlink, its peer-to-peer payment platform.
“We will cease operations of exchange services as part of the Shareholders’ decision to restructure the business to focus on Cashlink,” Bundle said in a statement.
Bundle Africa stated that as from the announcement, users would not be able to sign up on Bundle, deposit assets into their Bundle wallets, swap assets in their Bundle wallets other than USDT, or withdraw using Cashlink if they do not have NGN or cash on Bundle.
Users transfer all of their funds from Bundle to any exchange prior to September, when it will completely cease operations.
“Please note, the last day for withdrawal if you have less than $10 is the August 30, 2023. After this day your funds will be automatically converted to USDT,” the company said.
According to the company, Ghanaian customers can withdraw all of their funds, convert GHS to USDT, and transfer funds to any other wallet.
According to its description, Cashlink is a platform that enables crypto users to transfer money into and out of Web3 applications, making it simple for crypto and non-crypto platforms that want their customers to onramp and offramp currency to integrate. It’s available on Binance.
Bundle Africa claims to have completed over three million transactions on both Bundle and Cashlink since its founding three years ago.
