CandleFocus Nigerian Crypto Exchange Bitmama Halts Virtual Mastercard Services
2024-12-03
Author: Content Editor
Nigerian crypto exchange platform, Bitmama, has suspended its virtual Mastercard services temporarily due to problems with its provider. This comes as other fintechs in Africa also face challenges with card services, including exchange rate fluctuations, fraud, and lack of funds. While some blame provider issues, others mention high costs and limited revenue opportunities. Despite the setbacks, certain fintechs like Bitmama and Chipper Cash still provide alternative card services.
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