Bundle has revealed via his Twitter handle that it has added Cardano $ADA and Polkadot $DOT, to their growing list of cryptocurrencies on their App.
Cardano and Polkadot are one of the top ranking cryptocurrencies in the market. With this addition, Bundle, currently available to Nigerians and Ghanaians users now have access to a total of 14 cryptocurrencies to trade on the app.
Bundle, an African-based social payments app for cash and cryptocurrencies was launched in April, 2020. It was founded by Yele Bademosi, a former director at Binancelabs.
Launched in April 2020, Bundle is one of fastest growing crypto startups in Africa. At the time of writing, Bundle have exceeded 100k+ downloads on Google’s android play store with 4.6 average ratings.
According to Bundle, they are on a mission to drive the adoption of cryptocurrency in Africa and to make economic freedom and prosperity a reality for all Africans no matter where they live.
Also, the launch in Nigeria and Ghana was a first step towards fulfilling their Africa-focused mission. In an interview with Decentralize Africa CEO, Yele Bademosi in a phone call revealed one of Bundle’s long term goals. “We want to build the bridge that connects crypto to people who don’t use crypto or have crypto assets. So, because that’s our focus, we don’t really think about the competition in the market.” – he said.
Read more: INTERVIEW: CEO Of Bundle, Yele Bademosi, Is Leading Bundle’s Race To Transform Finance In Africa
Bundle Africa users are allowed to buy sell and store cryptocurrencies such as Cardano ADA, Binance coin Bitcoin, Bitcoin cash, Binance USD, Bundle token, Polkadot, Ethereum, Chainlink, Litecoin Tron, Tether USDT, Waziri token, and Ripple XRP as well as deposit and withdraw cryptocurrencies and local fiat currencies; with NGN (Nigeria Naira) and GHC (Ghanaian Cedi) depending on their relevant location.
The app has interesting features such as Bundle Vault, alongside friendly user interface. Particularly, Bundle Vault, a special feature on the app that enables users to save a cryptocurrency, Binance USD (BUSD) and earn interest over time on their holdings.
It is further divided into two; BUSD Fixed and BUSD Flexible. BUSD Fixed allows users to lock BUSD, earn interest redeemable on a maturity date while BUSD Flexible enables users to save BUSD and earn interest redeemable anytime.
Recently, Bundle, launched its own native token known as BXD token. It has a total supply of 2.1 billion using the Binance Smart Chain protocol. BXD Token will serve as crypto cash backs, governance token, and holders can participate in making important decisions on the future of the Bundle Africa ecosystem.