• In Africa, roughly 3,000 people have adopted bitcoin in recent weeks and months despite not having access to the internet.
• This is made possible through a tool called Machankura which was built by software developer Kgothatso Ngako for utilization of bitcoin on featured phones.
• Jack Dorsey’s goal before the pandemic was to travel throughout Africa on a “bitcoin tour” and educate people about BTC.
Africa Becoming Major BTC Hub
Roughly 3,000 people in Africa have adopted bitcoin in recent weeks and months despite not having access to the internet. This is made possible through a tool called Machankura which was built by software developer Kgothatso Ngako for utilization of bitcoin on featured phones.
The Goal of Jack Dorsey
Jack Dorsey, former chief executive of Twitter, had the mission to bring bitcoin closer to Africa before the pandemic began. His goal was to travel throughout the continent on a “bitcoin tour” and do all he could to ensure people had the education necessary to make BTC a staple of their portfolios and financial habits.
How Does Machankura Work?
The way this tool works is that person with a featured phone dials in a certain code on their device depending on their location and desired services. They will then be able to send or receive payments without needing an internet connection or computer technology at all.
Corruption and Un-bitcoined People
Africa has long been known for its financial and political corruption which has kept many from accessing valid banking systems or any form of traditional monetary tools or services whatsoever. Bitcoin can be used as an aid in such cases due to its power to help those who are either underbanked or don’t have any other type of access altogether.
It is clear that even without hardcore technology being taken for granted by so many other nations, Africa has become a major hub for Bitcoin usage given the application of tools like Machankura designed specifically for those who lack internet access but desire cryptocurrency trading opportunities nonetheless.