Busha and Plume Network Team Up for Financial Innovation

Busha and Plume Network Team Up for Financial Innovation

Plume Network is thrilled to announce its strategic partnership with Busha, a leading digital asset exchange in Nigeria, aimed at integrating Plume Nest's advanced on-chain yield solutions for nearly one million users. This collaboration is set to revolutionize financial growth opportunities in one of the fastest-growing economies in the world.

Transformation in Nigeria's Digital Finance Landscape

Busha has established itself as a dominant player in Nigeria's digital finance sector, facilitating over 7 million trades and successfully processing transactions worth more than $3.5 billion. The company's impressive growth trajectory includes doubling its volume each year while achieving profitability. Notably, Busha supports local payment infrastructures for global leaders like Starlink and enjoys backing from prominent investors like Jump Capital and CMT Digital.

Plume Nest: Simplifying Access to DeFi

As Plume Network's flagship yield platform, Nest harnesses on-chain technologies to provide a stable and competitive earning environment. This partnership allows Busha's users to engage with decentralized finance (DeFi) without needing specialized expertise or prior experience.

The integrated Earn feature will empower users to:

Experience Transparent Yield Opportunities

By utilizing the new platform, users can access competitive yields on their stablecoins and digital assets in a secure, transparent manner.

Benefit from Robust Security Measures

On-chain technology ensures security, providing users with peace of mind and a reliable framework for financial transactions.

Grow Wealth Through User-Friendly Interfaces

The Busha app's trusted interface makes earning and managing wealth seamless and straightforward.

Championing Financial Inclusion Across Africa

Emerging markets like Nigeria are often front-runners in adopting disruptive technologies like blockchain due to their ability to make substantial impacts on financial accessibility. Since many individuals in these areas have limited access to institutional-grade investment products, inclusive financial solutions are urgently required.

Chris Yin, the CEO of Plume Network, shared thoughts on this collaboration: "Our focus is on bridging the global decentralized finance ecosystem with local markets where the potential for impact is significant. Partnering with Busha allows us to deliver transparent and secure growth-oriented financial tools to millions across Africa, unlocking new possibilities for economic empowerment."

Understanding Plume Network and Its Innovations

Plume Network is renowned for its fully integrated L1 modular blockchain, emphasizing Real-World Assets finance. This innovative platform creates a composable and EVM-compatible environment, facilitating the onboarding of diverse real-world assets. With over 180 projects positioned on its private devnet, Plume delivers an all-encompassing tokenization engine, simplifying asset management and enabling seamless DeFi integration for various assets.

Nest: A Cutting-Edge Staking Protocol

Nest represents a significant leap in how yield generation operates, functioning as a distinct staking protocol deployed exclusively on Plume's network. By separating yield streams from the underlying assets, Nest empowers users to earn, trade, and manage their yield independently, creating unique financial instruments.

Empowering the Future of Finance with Busha

As Nigeria's premier SEC-licensed digital asset exchange, Busha has been at the forefront of financial inclusion efforts. Serving nearly one million users and experiencing exponential growth, Busha aims to elevate access to innovative digital solutions in Africa's largest economy.

Frequently Asked Questions

What is the main purpose of the partnership between Busha and Plume Network?

The partnership aims to provide on-chain yield solutions to enhance financial growth and accessibility for Busha's users.

What is Plume Nest?

Plume Nest is Plume Network's leading yield platform, designed to offer secure and competitive returns through decentralized finance.

How does the Earn product benefit users?

The Earn product allows users to access yields, ensure security, and manage their wealth conveniently within the Busha app.

Why are emerging markets important for blockchain technology?

Emerging markets, like Nigeria, often have limited access to financial services, making them ideal for implementing innovations that promote financial inclusion.

What are the further plans for Busha's growth?

Busha’s ongoing mission includes expanding its digital services and enhancing the financial ecosystem, aiming for greater user accessibility and inclusion.

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