Nigerian social payments app shuts down crypto exchange services
The company cited that it will cease operations of its exchange services as part of the shareholders' decision to restructure the business to focus on Cashlink. Nigerian social payment s app, Bundle announced on July 20 that it is shutting down its crypto exchange arm. According to a statement released on the company blog, explaining that it is ceasing its crypto exchange operations as it focuses on expanding the services of Cashlink as a payment solution. Bundle stated that it will cease operations of its exchange services as part of the shareholders' decision to restructure the business to focus on Cashlink. Screenshot of Bundle press release statement. Source: Bundle In the statement, the company cited that this decision by its shareholders is a result of the observed growth of the Web3 and blockchain community and hence the need to focus on payment solutions that meet the ecosystem's needs. In the company’s press release, it confirmed that users won’t be able to si...