Binance launches crypto payment application for African countries
Binance cryptocurrency exchange this Thursday announced its new product called “Bundle”. It is a social payment application for working with traditional and digital currencies. In particular, the Bundle allows users to request, send and receive payments.
“The Bundle product’s vision is to create a super app with a built-in digital wallet that supports digital and traditional currencies - an application that provides everyday practical value for Africans and the world,” the exchange writes.
Bundle allows you to buy, sell and store cryptocurrencies, including Bitcoin, Ethereum and Binance Coin, as well as exchange them for Nigerian naira. The list of supported fiat currencies will be expanded in the coming weeks. By the end of the year, the company plans to introduce its new product in more than 30 African countries.
In September 2019, Bundle closed the preliminary round of fundraising, receiving $ 450,000 from Binance. The startup remains independent from the exchange, while connecting it with African investors.
Earlier, Twitter CEO Jack Dorsey announced his plans for the development of cryptocurrency payments in Africa. Binance, for its part, has invested in five African startups today, focused on serving various aspects of the cryptocurrency ecosystem.
Binance cryptocurrency exchange this Thursday announced its new product called “Bundle”. It is a social payment application for working with traditional and digital currencies. In particular, the Bundle allows users to request, send and receive payments.
“The Bundle product’s vision is to create a super app with a built-in digital wallet that supports digital and traditional currencies - an application that provides everyday practical value for Africans and the world,” the exchange writes.
Bundle allows you to buy, sell and store cryptocurrencies, including Bitcoin, Ethereum and Binance Coin, as well as exchange them for Nigerian naira. The list of supported fiat currencies will be expanded in the coming weeks. By the end of the year, the company plans to introduce its new product in more than 30 African countries.
In September 2019, Bundle closed the preliminary round of fundraising, receiving $ 450,000 from Binance. The startup remains independent from the exchange, while connecting it with African investors.
Earlier, Twitter CEO Jack Dorsey announced his plans for the development of cryptocurrency payments in Africa. Binance, for its part, has invested in five African startups today, focused on serving various aspects of the cryptocurrency ecosystem.