Bundle Africa launches web app – The Sun Nigeria
By Chinenye Anuforo
Pack Africa celebrated its second anniversary and also launched a web application to give its users better access to crypto.
Keeping in mind the needs of its users, Bundle launched the first version of its mobile app which has grown over the years as one of the easiest crypto trading platforms in Africa.
Starting with just three assets when it launched, it has now grown to over 80 assets and over 700,000 users in Nigeria and Ghana.
Despite regulatory pushbacks, Bundle was able to meet the needs of its user base through the integration of Cashlink, a P2P payment platform, which acted as a gateway for crypto-to-cash transfers. With over 1 million transactions in its first 7 months, Cashlink’s success can be attributed to the escrow system which mitigates fraud on either side of the transaction.
In an effort to help users mitigate losses during a crypto bear market, they have created simple tools to help users by releasing a Leveraged Token Series (BLVT) that gives users the ability to hold leverage on a cryptocurrency that can either multiply the loss or profit on an asset.
To promote wider adoption of cryptocurrencies and further reassure people, trading should be as simple and convenient as possible for everyone. This means that crypto services must be offered on multiple platforms with all users in mind and not just some,” said CEO Emmanuel Babalola.
As Bundle continues to grow, the need to evolve back to its original mission becomes relevant – a social finance app making crypto accessible to everyone. Bundle will expand across the continent this quarter, which represents the first step in the right direction, alongside implementations to transition into a social finance product.
On the issue of multiple fraudulent accounts on social media platforms, Bundle explained that they are working hand in hand with their risk and compliance team to remove these phishing accounts. They are also ready to release a 2FA security feature to further protect its users. Bundle users are urged to ensure that all transactions on Twitter and Instagram are done with their official credentials. They wouldn’t ask you to click on a link or share your OTP with them.
Regarding the persistent app downtime, Bundle published a letter from its CEO in a blog post where they highlighted the cause of the problem, the steps that have been taken, and how they hope to rebuild trust. of their users in the application. .
As part of its second anniversary celebration, Bundle reiterated its promise to be customer-centric by offering its users an optional way to trade with its new web application. The web app provides an alternative way for existing and new users to explore their curiosities on the go. Website visitors will also be able to learn and stay informed of the latest Bundle news via the blog. The new website also teases the launch of Bundle Futures.