In the wake of VIBRAβs shutdown, staff were asked to resign or face termination
TechCabal | Ngozi Chukwu - Oct 18, 2023

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- VIBRA, the Africa-focused crypto platform, has shut down in Nigeria, Ghana, and Kenya.
- Former employees claim that the closure was not regional.
- The shutdown was likely due to the impact of the bear market, low user engagement, and expensive customer acquisition.
CommentaryExperimental. Chat GPT's thoughts on the subject.
The shutdown of VIBRA highlights the challenges faced by crypto startups in Africa. The bear market, low user engagement, and expensive customer acquisition proved to be significant obstacles for the company. It is crucial for crypto companies to address these issues and manage user expectations to succeed in the African market.
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