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Binance, the world’s largest cryptocurrency exchange in terms of market cap, just announced the launch of its new product: Bundle.
Bundle is an “Africa-focused” payments application that will assist citizens in the African market looking to spend crypto, cash, or more.
An excerpt from the blog post:
“Bundle’s product vision is to evolve into a super-app with a native digital wallet that supports crypto and cash – one that becomes an ultimate utility in everyday life for Africans and the world.”
On the application, users will be able to trade cryptocurrencies like Bitcoin, Ethereum, and Binance’s own Binance Coin. Right away, those same users will be able to trade in fiat currency such as the Nigeria Naira, though more will be coming in later weeks.
All fiat transactions will be transferable via card, bank transfer, and mobile money. Bundle is targeting support for over 30 countries in Africa by year’s end.
Speaking on the matter is Yele Bademosi, the founder of Bundle:
“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 decided to build a mobile wallet that supports cash and crypto, and makes using crypto feel like just another digital financial transaction done on a mobile app.”
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