• Bundle, a social payments app popular in Nigeria, has announced it would be discontinuing its cryptocurrency exchange service.
• All Bundle customers are urged to remove their funds no later than September 12, 2023.
• In October 2021, Nigeria introduced eNaira, the first Central Bank Digital Currency (CBDC) in Africa and the second in the world.
Bundle Discontinues Crypto Exchange Services
Bundle , a social payments app popular in Nigeria, has announced it would be discontinuing its cryptocurrency exchange service. The firm said in a statement that the decision was made by its shareholders because of the increasing importance of providing payment solutions suitable for the Web3 and blockchain ecosystem.
Customers Urged To Withdraw Funds
All Bundle customers are urged to remove their funds from the app no later than September 12, 2023. In order to withdraw funds effectively, however, the corporation outlined specific procedures for its consumers in Nigeria, Ghana, Kenya, and other francophone nations. Users may transfer their Bundle cash to their choice of cryptocurrency exchange or use Cashlink and P2P express to get Nigerian naira or transfer money to bank accounts.
eNaira Introduction
In October 2021, Nigeria introduced eNaira , the first Central Bank Digital Currency ( CBDC ) in Africa and the second in the world. Since then, several other nations have announced plans to introduce their own CBDCs.
Craig Wright’s Appeal
Highlighted Crypto News Today: British Court Accepts Craig Wright’s Appeal in Bitcoin Copyright Lawsuit . Craig Wright’s appeal against a lawsuit filed by Ira Kleiman over alleged copyright infringement on bitcoin was approved by a British court this week .
Conclusion
The sudden interest in El Salvador’s bonds suggest that digital currencies have become an attractive investment option for many investors around the world . Similarly , with more countries introducing their own CBDCs , digital currencies could soon become mainstream .