Bundle Africa (Bundle Payment platform)

[Ever-young]

Binance way be 1 of the big exchange way most of us way be Africans they use Nigeria to be precise. Dre dedicated app for Africans way dem call bundle don dy active 4  some yrs now and dem self confirm am say dem really get massive download from we way be Nigerians.

Today I receive email from dem

We are saying bye to our exchange services to focus on Cashlink and here is why
Bibi from Bundle
July 20, 2023
Hey Bundlers,

For the past 3 years of our operations, you have been part of our success story, and we want to say a huge thank you.

As we celebrate our achievements of the last 3 years, including Cashlink crossing over 3 million transactions and Bundle hitting  50,000 monthly active users and $50m monthly volume on Bundle, we also want to announce that Bundle’s exchange services (Buy and sell/Deposits and withdrawals) are ceasing operations as we focus on expanding the services of Cashlink as a payment.

‍Why is Bundle leaving the  Market?

We will cease operations of its exchange services as part of the Shareholders' decision to restructure the business to focus on cashlink.
As Web3 and the blockchain community continue to grow, there is a need to focus on payment solutions that meet the ecosystem's needs, which is the plan with Cashlink.
‍What should Bundlers expect from this exit as a Nigerian user?

Withdraw all your funds from Bundle to any exchange of your choice.
If you’re holding NGN, you can withdraw it through Cashlink into your bank account.
Withdraw your funds into your bank account through P2P express.
If you are holding less than $10 in your account, you can withdraw with the link provided. Please note, you cannot withdraw less than $10 from your Bundle account. Here’s a link to help you choose a blockchain to move your funds with.
If you are holding a USDT value of $2 or less, please transfer your asset to another wallet through SOL or MATIC blockchain.
Please note, the last day for withdrawal if you have less than $10 is the 30th of August 2023.  After this day your funds will be automatically converted to USDT

Source: Email &  bundle site

Any body way get funds for d exchange, make him/her rush go withdraw am to another place way go dy safe for am b4 dem go finally restrict the withdrawal were Pesin go come need to fill form b4 dem go mke withdrawal. Diz bundle really dy help people exchange dre Crypto to Naira without stress. I say make I update onah, Incase who dy use d app also dy here 4 diz our local board.

[Agbe]

I dey use Binance but I never use this kind app before. Those wey dey use am make una take di precaution. I normally like things like dis. Informing user about the downfall and ask dem to withdraw their funds before di final demise. But dem say na 3 years dem don spend for now and u mentioned 4 abi na mistake? Di time dem give is big enough for people to move their coins away from there. Really me I never know say this kind exchange dey exist for we country o. It is very good information u bring here.

[Wiwo]

This is the first time I am hearing this name I never know a cryptocurrency exchange call bundle exist and to say that they have an affiliation with Binance is another thing I am not clear with because Binance has come out some time ago to deny the operation of any subsidiary here in Nigerians so for this crypto exchange to have operated for 4 years and yet unpopular shows that there have a low reputation and if you don't mind sharing the link to this news to that we can check more details about the exchange and its domain.

A cryptocurrency exchange is something that requires liquidity to operate and since they mentioned a $ 50 million daily trading volume I don't know what the reason for a closer of the crypto exchange at this point.

[Zanab247]

Thanks for sharing dis good information to our people, I believe those who stored their coins in dis app will follow up with dis information so that dey will not regret when d company finally close up. Since you received email from d company, I think other users too will receive d same message unless dey don't take it serious, and anything that happen to their wallets dey will bear it.

[sokani]

<snip>

I neva hear Bundle Africa before, na de first time wey I dey hear about dis kind of exchange. Even de big CEX I no trust dem, so e dey surprise me as people dey use dis kind exchange wey no get any reputation at all. A scammer fit just dey for him hauz design website wey look like exchange with de intention to scam unsuspecting traders or users, run am small and shot down operations after dem don make small money. Well... E good as you take bring dis news come here, as deir name dey sound bundle like dis, any person wey get funds deir, make dem run go comot am before dem go bundle am run away.

[Charles-Tim]

I noticed most of us on this forum prefer the international exchanges that have hundreds of millions of customers, that is the reason most of us on this forum may not know the exchange.

We're a fully remote team of 50 people living and working in 5 countries all over the world (Nigeria, Ghana, Uganda, Kenya, UK).

Our commitment to support our team and customers has helped Bundle grow to serving over 700,000 users in 2 years. Our passion for making meaningful connections flows through everything that we do.

I saw the news on Cointelegraph too: https://cointelegraph.com/news/nigerian-social-payments-app-shuts-down-crypto-exchange-services.

And here: https://technext24.com/2023/07/21/bundle-africa-ceases-operations/#:~:text=Bundle%2C%20a%20social%20payment%20app,operations%20of%20its%20exchange%20services.

It is very good for bringing this up on our local board.

[Ever-young]

But dem say na 3 years dem don spend for now and u mentioned 4 abi na mistake?.

No be mistake boss, u know as Dix our Pigin dy sound everybody and how in dy carry speak am, watin I been mean be say dem don they for operation for many years now. Instead of me to use for years now I use 4 yrs way come make am sound like say nah 4 yrs I mention.

@Ever-young, Bundle is not a wallet, it is a payment app. Edit the topic title. I noticed most of us on this forum prefer the international exchanges ...

Title edited thanks for the correction..

[Agbe]

But dem say na 3 years dem don spend for now and u mentioned 4 abi na mistake?.

No be mistake boss, u know as Dix our Pigin dy sound everybody and how in dy carry speak am, watin I been mean be say dem don they for operation for many years now. Instead of me to use for years now I use 4 yrs way come make am sound like say nah 4 yrs I mention.

Okaaaayyy!!! Omen no bi Bobo juice na now I dey understand you abeg no vex. Dis our Pidgin English sef some times dey confused person. You mean; for years.(4 years). No problem. We are one. Carry go

[Nwada001]

Almost every body for here never come across or even use diz bundle, maybe nah bcuz Africa attach for the name nd we no they trust watin from our country side well. Me I don personally use the app b4 there rate good wen eh come to USDT/NGN dem nd Binance dy share almost same rate, dem get both p2p and cashink way be direct selling. I believe say nah even Binance get that bundle self as dem they use the same thing. If I use my Binance address withdraw 4rm dre eh dy always record as internal transfer eh no dy show for blockchain.
OP thank you 4 diz 1, although I no dy leave fund's for there but eh go help any body way dy use am as wallet to go move in fund comot as dem don sama warning give everybody.

[Sim_card]

~snip~

Na wa o,so many exchanges dey operate for Naija and we never hear of them. Na only when them won crash or no go dey render service to their customers na e we go come dey hear their name for the first time. Wetin dey surprise me pass be say,the exchange go talk say them don dey operate for we country for many years. The last news wey we hear na Patricia exchange won shut down their operation and now we don hear this one again. But the way I dey see things,is like these our Naija exchanges dey transparent and them no get bad intention to carry their users funds run. This na e make them go alert you to go withdraw your funds early from their exchange. Make God bless them and OP wey update us for here.