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Home » Busha, Plume Network Join Forces to Bring On-Chain Yields to Nigerian Users

Busha, Plume Network Join Forces to Bring On-Chain Yields to Nigerian Users

Joan Aimuengheuwa by Joan Aimuengheuwa
December 23, 2024
in StartUPs
0
Busha, Plume Network Join Forces to Bring On-Chain Yields to Nigerian Users
Busha partners Plume Network

Busha partners Plume Network

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Busha, Nigeria’s first SEC-licensed digital asset exchange and a leading stablecoin on-ramp, has partnered with Plume Network to bring Plume Nest’s innovative on-chain yield solutions to Busha’s user base of nearly one million individuals.

Through the integration with Busha’s neo-banking platform, the partnership seeks to deliver secure and accessible financial growth opportunities, targeting one of the world’s most dynamic emerging markets.

Driving Financial Innovation in Africa’s Largest Economy

Busha has firmly established itself as a leader in Nigeria’s digital finance ecosystem, with over 7 million trades and $3.5 billion in transactions processed. 

Doubling its volumes every year and achieving profitability, Busha powers local payment rails for global businesses like Starlink and is backed by renowned investors, including Jump Capital, DCG, and CMT Digital.

This partnership is an important one for Plume Network as it collaborates with a key player in Africa’s largest economy to provide the fruits of decentralized finance to non-crypto-native users.

Introducing Plume Nest on Busha

Nest is Plume Network’s flagship yield platform, designed to provide secure, scalable, and competitive returns powered by on-chain technologies. With this partnership, Plume is enabling Busha’s users to unlock DeFi-powered earnings without requiring specialized knowledge or experience.

The integrated Earn product will allow users to:

  • Access competitive, transparent yields on their stablecoins and digital assets.
  • Leverage the security of on-chain technology for peace of mind and accountability.
  • Seamlessly earn and grow wealth directly within Busha’s trusted app interface.

A Shared Vision for Financial Inclusion

Emerging markets like Nigeria often lead the way in adopting disruptive technologies such as blockchain because they stand to benefit the most from transformative innovation. 

In regions where access to institutional-grade investment products is far more constrained than in developed markets like the US and Europe, the need for inclusive financial solutions is paramount.

“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.”

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Joan thrives at helping individuals and businesses scale via storytelling...

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