Binance Incubated ‘Bundle’ App Rolls Out in Africa for Cash and Crypto Social Payments

2020-4-24 22:39

As per an announcement from April 23, Bundle now lets its users send, receive and request cash and crypto from Nigeria.

The company is planning to expand its services to more than 30 countries in Africa by the end of 2020, providing a simple crypto fiat on and off-ramp across the continent. Aside from the Nigerian naira, Bundle supports Bitcoin (BTC), Ether (ETH) and Binance Coin (BNB). However, new fiat currencies will be added in the following weeks. The payments can be stored in the app’s wallet and processed through bank transfers or cards.

Verifications Together with Withdrawal and Deposit Limits to be Applied

The service won’t charge any fees in the beginning, but it will have deposit and withdrawal limits, also some Know Your Customer (KYC) verifications. The app doesn’t have a mobile version yet, but it’s available in Google Play, following to be released on Apple’s App Store too. Back in September 2019, Bundle raised $450,000 from Binance in a pre-seed. The company’s co-founder and CEO, Yele Bademosi, said the app may use some of the crypto app programming interfaces created by Binance.

Crypto Innovation at Its Best in Africa

Around 40% of the banked African population prefers transacting online, mostly because the low median age on the continent is 19. Here’s what Bademosi said about how Bundle was created for Africa:

“We built Bundle with the digitally native African user in mind. They are social, online, and connected across geographical boundaries. They prefer their financial services delivered digitally via mobile apps as opposed to visiting brick and mortar bank branches. We built Bundle as a mobile wallet that supports cash and crypto, and makes using crypto feel like just another digital financial transaction done on a mobile app like Venmo.”

In the meantime, the CTO at Bundle, Taiwo Orilogbon mentioned that 1.4 million Africans are using crypto nowadays, so the blockchain ecosystem being more accessible on the continent unlocks great economic opportunities for Africa, which still doesn’t have a well-developed financial infrastructure. This means crypto innovations takes place more rapidly in African countries. The crypto trading platform CryptoLocally is also trying to deal with the financial inequity in the continent, so it partnered up with Sesacash to provide innovative solutions for cross-border payments in Africa.

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0064605 (-100%)

crypto africa cash bundle countries planning services

Источник: bitcoinexchangeguide.com

crypto africa → Результатов: 126


Africa Could be the next Catalyst for Crypto Bubble

The rate at which cryptocurrency exchanges and blockchain firms are pushing their offices and projects to Africa could be noticed. Many crypto enthusiasts could ask why the shift in attention to Africa when there are other countries in Europe and Asia that has a denser level of investors? The reasons could not be far-fetched since: […] The post Africa Could be the next Catalyst for Crypto Bubble appeared first on ZyCrypto.

2019-1-7 12:46


Фото:

South Africa Prepares to Tackle Cryptocurrency Challenges with Working Group

The South African government established a group of specialists to investigate digital currency and blockchain technology to devise a regulatory framework for the emerging industry Finding the Appropriate Regulatory Framework Following many of the governments around the world, South Africa has recently gathered a working group to research digital currencies and crypto assets to establish suitable guidelines reported Business Live,.

2019-1-5 02:00


Despite undergoing a lower rate of Cryptocurrency adaptation, illegal Crypto Mining is a big business in Africa

Africa (countries in Africa) just like many other countries are still yet to fully adopt the technology of cryptocurrency and the major reason for this can be traced down to law enforcement organizations who are still uncertain on what to categorize cryptocurrencies as and where exactly the digital currencies fall into.

2018-12-20 23:38


Фото:

KBX Token – a Cryptocurrency Exchange for Investors in Africa

The world is moving fast into digital assets, and crypto currencies are the next big serious investments for anyone looking to make sustainable returns and profits with their investments. Which is the reason why hyper growth economies like Africa, the continent that the world is turning to, for the next phase of global growth, needs […] The post KBX Token – a Cryptocurrency Exchange for Investors in Africa appeared first on NullTX.

2018-12-8 00:36


P2P Bitcoin Marketplace Paxful Builds Second School in Africa with Crypto

Paxful has announced the completion of its second built school in Rwanda, funded entirely with crypto as part of their initiative #BuiltwithBitcoin. The Delaware-based peer-to-peer (P2P) Bitcoin marketplace built the school in partnership with humanitarian organisation Zam Zam Water, which saw over $100,000 in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dash donations.

2018-12-10 00:35


Tim Draper: Fiat To Falter, Crypto Assets To Succeed

Tim Draper Holds His Unwavering Belief In Crypto Assets Ran NeuNer, the CEO of OnChain Capital and the host of CNBC Africa’s “Crypto Trader,” recently took to the Crypto Invest Summit in Los Angeles to speak with industry leaders, commentators, analysts, and prominent investors to garner an insider look on their short-term and long-term visions […] The post Tim Draper: Fiat To Falter, Crypto Assets To Succeed appeared first on Ethereum World News.

2018-10-30 08:45


CNBC Africa: Coinbase готовится к IPO

Вчера ведущий программы Crypto Trader на CNBC Africa Ран Нойнер заявил, что Coinbase объявит IPO сегодня, 26-го октября. Также в своем Twitter Ран опубликовал статистику криптобиржи, согласно которой число пользователей Coinbase достигает 25 млн, 600 000 из которых активно торгуют на платформе, прибыль Coinbase за последний квартал составила 90 млн долларов, при этом 80% прибыли […]

2018-10-26 06:59


Фото:

Ведущий CNBC заявил о скором IPO Coinbase

Ведущий программы Crypto Trader на CNBC Africa Рэн Ньюнер в своём твите от 25 октября утверждает, что биржа и оператор криптовалютного кошелька Coinbase собирается объявить об IPO. Ньюнер заявляет, что подробности IPO Coinbase будут раскрыты 26 октября в прямом эфире его шоу Crypto Trader. Ведущий т...

2018-10-26 22:15


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Binance Recognizes Africa as a Prime Target for a Blockchain Revolution

Binance is looking at Africa as the next frontier of growth, an executive at the world’s largest crypto exchange by daily trading volume has revealed. Benjamin Rameau, the Director of Binance Labs revealed the company’s reasons behind setting out to conquer Africa, with the relative underdevelopment in the continent and the great diversity being among […]

2018-9-6 21:00


Фото:

Africa and its Antiquated Banking: Cryptocurrencies The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […] The post Africa and its Antiquated Banking: Cryptocurrencies The Solution? appeared first on Bitcoin News.

2018-9-5 05:55


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BNB eyes a new ATH as traders show confidence: Is $800 feasible?

The asset is currently trading within a bullish framework that could propel it beyond its previous ATH if the trend materializes. On-chain metrics reveal strong buying interest among market parThe post BNB eyes a new ATH as traders show confidence: Is $800 feasible? appeared first on AMBCrypto.

Binance Review 2024: Is It Legit? What Are Binance Pros and Cons?

Binance is the most popular cryptocurrency exchange and the largest by trading volume and has served millions of users.Whether you are new to cryptocurrency trading or familiar with other exchanges, The post Binance Review 2024: Is It Legit? What Are Binance Pros and Cons? appeared first on CryptoNinjas.

Could Bitcoin skyrocket to $160k? BTC's NUPL hints at...

BTC has declined by 2.44% over the past 24 hours. Bitcoin's NUPL suggest a potential to a record high of $130k-$160k. Bitcoin [BTC] has struggled to maintain an upward momentum since hittingThe post Could Bitcoin skyrocket to $160k? BTC's NUPL hints at... appeared first on AMBCrypto.

2 cryptocurrencies to reach a $100 billion market cap in 2025

A $100 billion market cap – two crypto giants have reached it, only to fall short of holding on.  Does this open the door for their rivals to seize the moment and take the lead? In the crThe post 2 cryptocurrencies to reach a $100 billion market cap in 2025 appeared first on AMBCrypto.

How can BNB traders benefit from its short-term price swings?

BNB flipped its long-term trendline resistance into support Derivatives data revealed a bullish edge as the price consolidated above its key EMAs After snapping off its long-term trendline rThe post How can BNB traders benefit from its short-term price swings? appeared first on AMBCrypto.