Nigerian social payments platform Bundle plans to cease its crypto exchange services and instead focus on its peer-to-peer platform Cashlink. Bundle said the decision was made by the company's shareholders, who believe that the future lies in payment solutions that cater to the growing Web3 and blockchain community. However, with the rise of Cashlink and its impressive record of over 3 million transactions in less than two years, Bundle's shareholders saw an opportunity to pivot their business toward this burgeoning market. As a result, users will no longer be able to sign up for the platform, deposit assets into their Bundle wallets, or swap assets.
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