RATE Group | Binance-Backed Cryptocurrency Payments App Bundle Launches in Nigeria
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Binance-Backed Cryptocurrency Payments App Bundle Launches in Nigeria

23 Apr Binance-Backed Cryptocurrency Payments App Bundle Launches in Nigeria

Posted at 17:32h in Cryptocurrency News by

Social payments application Bundle launched its service in Nigeria after incubation by leading cryptocurrency exchange Binance.

According to an announcement on April 23, Bundle now allows its users to request, send and receive cash or crypto from their peers in Nigeria. By the end of this year, the firm plans to expand to over 30 African countries and provide a simple fiat on and off-ramp for crypto in the continent.

Bundle supports Binance Coin (BNB), Bitcoin (BTC) and Ether (ETH) as well as the local fiat currency — the Nigerian naira — but there are plans to add more fiat currencies in the coming weeks. Payments can be processed through cards, bank transfers and stored in the application’s wallet.

The service will initially launch without fees, but Know Your Customer verification and fiat withdrawal and deposit limits will be applied. The mobile application is already available on the Google Play Android application store, and the iOS version will be published on Apple’s…

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