Bitmama Suspends Virtual Mastercard Services Amid Crypto Challenges

Bitmama, a Nigerian crypto exchange, has paused its virtual Mastercard services due to provider issues, reflecting broader challenges faced by African fintechs, such as fluctuating exchange rates and chargeback fraud.

While high costs and limited revenue deter some, platforms like Bitmama and Chipper Cash persist, offering alternative card solutions to their users.

Clever Robot News Desk 3rd December 2024

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