On The Flip podcast,@Ngozi Dozie(https://twitter.com/ngozi) called stablecoins “the best thing since sliced bread.”
Not as investment vehicles, but as infrastructure. As a practical, usable way to move money across Africa.
I couldn’t agree more.
Dennismary Chidiebere22 July 20231 min read
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On The Flip podcast,@Ngozi Dozie(opens in a new tab) called stablecoins “the best thing since sliced bread.”
Not as investment vehicles, but as infrastructure. As a practical, usable way to move money across Africa.
I couldn’t agree more.
And that’s exactly why Bundle’s shutdown and pivot to Cashlink, announced on July 21, 2023, is not bad news.
It’s one of the most important strategic moves we’ve seen in African crypto.
Let’s be real: cross-border payments in Africa are a nightmare.
Sending money from South Africa to Namibia can cost over 5% in fees, plus exchange rate markup.
Meanwhile, it takes just two hours to fly between those countries.
How does that make sense?
This is why stablecoins matter.
This is why Cashlink pivot matters.
Since the bear market began, I’ve been watching crypto flows across the continent shift.
Speculation cooled off. But one thing kept moving: stablecoins.
Quietly, they’ve become the heartbeat of real crypto adoption in Africa.
Here’s what I’ve seen firsthand:
Africa is a peer-to-peer continent.
Most flows are person-to-person, informal, unbanked. Stablecoins are ideal.
Market makers need price stability.
Stablecoins take BTC’s volatility out of the equation, making it easier to quote prices and do business.
Africans think short-term because they have to.
People don’t “invest”; they convert to dollars and hold for survival, not speculation.
So, no. This isn’t just about shutting down an exchange. It’s a recommitment to core utility.
Bundle’s pivot to Cashlink is about doing fewer things, better.
It’s about focusing on what works, instead of chasing every shiny object.
It’s not about quitting.
It’s about maturing.
And that’s exactly what African crypto needs right now.