by Benson T
Bundle, a social payment app designed to make it easy for users to pay with cash and crypto, has officially launched.
Bundle Africa formally unveiled the app this Thursday in Africa’s top tech hub Nigeria. The application is set to help people on the continent to easily access and use fiat and digital currencies. Users will only need to sign up for the Bundle wallet and be able to buy, sell, or hold crypto assets. Transacting in both currencies will also be effortless.
Yele Badamosi formerly worked with Binance Labs
Bundle Africa founder is Yele Badamosi: Getty Images
Bundle Africa founder is Yele Badamosi, a former director of Binance Labs, a project by major cryptocurrency exchange Binance.
The app’s unveiling is happening after the Nigeria-based startup closed a funding round led by Binance. According to Badamosi, the app specifically targets the native African user.
While building the wallet interface, the Bundle Africa team had in mind a user community very much accustomed to mobile-based and digital financial services.
The app offers “near-zero fees” transactions that will revolutionize and unify Africa’s traditional fintech and open finance systems. Users will pay between 0-0.4percent of their transactions as a fee.
Badamosi notes that the app provides access to an “open and inclusive financial services” solution to all Africans. This, he reiterates, is the case regardless of country or such geographical demarcations.
Bundle users have access to digital assets such as Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), and Binance USD (BUSD). Users can send or receive these funds without the need to have a bank account. All one would need is to get a contact from their phone, or social apps for them to trade the above digital currencies.