Plume Network and Busha, Nigeria’s first SEC-licensed digital asset exchange and top stablecoin on-ramp, announced a strategic partnership on Friday to provide Plume Nest’s state-of-the-art on-chain yield protocol to around one million Busha customers.
Plume Network and Busha’s neo-banking application will work together to provide safe and easy access to financial growth prospects in one of the most vibrant emerging markets globally.
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Busha’s position as a leader in Nigeria’s digital banking ecosystem
Busha has executed more than 7 million deals and $3.5 billion in transactions, solidifying its position as a leader in Nigeria’s digital banking ecosystem.
Busha is supported by well-known investors like Jump Capital, DCG, and CMT Digital and powers local payment rails for international companies like Starlink. The company doubles its volumes annually and turns a profit.
With this agreement, Plume Network can work with a major player in the biggest economy in Africa to provide decentralised finance solutions to people who are not crypto-native.
Nest, the flagship yield protocol from Plume Network, uses on-chain technology to provide safe, scalable, and competitive returns.
Benefits of the Busha – Plume Network partnership to users
Busha users may now easily access DeFi-powered earnings through the app’s reliable interface thanks to this agreement; no prior cryptocurrency knowledge is needed.
Read also: crypto exchanges Quidax, Busha gain SEC approval in Nigeria
Users of the integrated Earn product will be able to: Get transparent and competitive yields on digital assets and stablecoins, Take advantage of on-chain technology’s security for accountability and peace of mind, and easily increase their money within the Busha app.
Blockchain and other revolutionary technologies are being used at the vanguard of emerging countries like Nigeria, which can fill gaps in traditional financial infrastructure.
Blockchain technology and Decentralised Finance (DeFi) are essential for releasing economic potential in areas with restricted access to institutional-grade investment products.
“At Plume, our focus is on building connections between the global decentralized finance ecosystem and local markets where it can create the greatest impact,” said Chris Yin, CEO of Plume Network. “Our partnership with Busha embodies this vision, enabling us to provide millions across Africa with transparent, secure, and growth-oriented financial tools that open new doors for economic empowerment.”