Thanks to Machankura, people in several African countries can now use their phones to send and receive Bitcoins without an internet connection. Any mobile phone will allow these transfers. With a phone number, users can set up an address on the Lightning Network.
Exchange Bitcoins without internet connection thanks to Machankura
Some think it’s the future, while others think it’s a waste of time. However, those who see its potential are working on ways to facilitate transactions. Bitcoin is thus experiencing its heyday in South Africa.
More and more African countries are interested in cryptocurrencies, especially South Africa. Bitcoin and other cryptocurrencies offer a lot of financial power, and more and more African countries are starting to use them.
One project, BitText, is an open-source bitcoin initiative that wants to create a Lightning Network solution similar to Machankura, but without relying on a third party. This bitcoin-based payment solution aims to drive financial inclusion in Africa and provide fast and secure payment service across the continent. Another example is BitcoinPay, which is a bitcoin payment processor that integrates the existing telecommunications infrastructure in Africa with the second layer of LN, known as BitText.
In some African countries, it is now possible to obtain Bitcoin (BTC) without being connected to the Internet, thanks to the services offered by Machankura. This is a huge step forward as it helps parts of the world where Bitcoin can be used in everyday life.
Cryptocurrencies and the Lightning Network have made remittances possible for people around the world incredibly quickly with almost no fees. But without an internet connection, this was not possible until now.
Although Machankura is still a recent service, it is already available in several countries such as Ghana, Kenya, Malawi, Namibia, Nigeria, South Africa and Uganda.
A technology that makes life easier for Africans
Machankura uses Unstructured Supplementary Service Data (USSD) technology, which has been around for years, to allow people to spend Bitcoin or receive Bitcoin without an internet connection.
Some cell phones have limited credit, but remember a few years ago it was possible to find out your usage status by typing “#123#” on your phone. This code is a USSD code, and each code is designed to perform a specific action when entered.
Some USSD codes allow users in certain countries to connect their phone number to a Lightning Network address. Any mobile phone can be used to access these features, not just smartphones.
If this solution does not yet have any real educational content, there is no doubt that it remains promising. Not everyone in the world has access to the web, but projects like this add great value to cryptocurrencies for people who use them for more than just investment.
While some developed country governments do not want to partner with BTC, other countries are looking for ways to develop it. South Africa, like the Central African Republic and El Salvador, want to use bitcoin (BTC) technology in their country. Kenya is also developing ways to use cryptocurrencies, such as bitcoin.
South Africans and the African continent in general are increasingly interested in cryptocurrencies. Although the sector is still new, consumers see the added value that this could have on their daily lives. Machanruka 8333 offers bitcoin transactions through their messaging service, even without internet, which makes investing much easier.