Bundle Ceases Exchange Services, Shifts Focus to Cashlink

Bundle to Focus on Cashlink

Bundle, a social payments app for cash and crypto, has announced that it will be bidding farewell to its exchange services in order to concentrate on the expansion of Cashlink as a payment.

During its successful 3-year run, Bundle achieved several milestones, with Cashlink crossing over 3 million transactions and Bundle amassing an impressive 50,000 monthly active users, generating a monthly volume of $50 million.

The decision to cease the exchange services, encompassing buying, selling, deposits, and withdrawals, was made by the Shareholders as part of a strategic business restructuring. The company aims to align itself with the growing Web3 and blockchain community by focusing on Cashlink's payment solutions tailored to meet the ecosystem's evolving needs.

Users are encouraged to withdraw all funds from the platform to their preferred exchanges. For users in Nigeria, Ghana, Kenya, and French-speaking regions users, Bundle has provided a clear roadmap for handling the exit. Find specific details in the official announcement. 

As part of this shift in focus, Bundle has specified that certain services will no longer be available on the platform, including signing up for new accounts, depositing assets into the Bundle wallet, and asset swapping (except for USDT). Additionally, users without NGN or fiat in their Bundle wallet will no longer be able to withdraw funds using Cashlink.

With this strategic move, Bundle aims to cement its position in the blockchain market and align its services with the growing demands of the Web3 ecosystem.

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