Nigeria launches social payments app for cash and crypto

JOHANNESBURG  – An Africa-based social payments app for cash and cryptocurrencies, dubbed Bundle and backed by Binance has launched in Nigeria, online publication, The Paypers reported.

According to the news site, Bundle allows users to request, send, and receive cash or crypto from their peers. 

As such, users can buy, sell, and store digital currencies such as Binance Coin (BNB), Ethereum (ETH) and Bitcoin (BTC),  as well as deposit and withdraw digital currencies and local fiat currencies, starting with Nigerian Naira (NGN) and many more fiat currencies. 

In addition, these transactions could also be processed via various payment channels such as cards, bank transfer, and Mobile Money, as well as safely stored in Bundle’s SmartWallet. 

The publication said that the Binance and Bundle team believe that Africa faces formidable socio-economic challenges such as access to financial services and hyperinflation that require bold, innovative, and alternative solutions.