Snapshot
Kgothatso Ngako, a former Amazon software developer, has created Machankura, a no-frills app that allows users in Africa to send and receive bitcoin using simple phones without internet access, potentially bringing bitcoin to millions who lack smartphones.
Why It Matters
Machankura solves key barriers to bitcoin adoption in Africa, such as lack of smartphones, internet access, and storage space on devices. By enabling bitcoin transactions via simple text messages, it opens up opportunities for financial inclusion and economic empowerment.
By the Numbers
- Machankura currently has nearly 15,000 users
- The app is available in several African countries, including South Africa, Nigeria, Kenya, Ghana, and Malawi
- Approximately 10-20% of users rely on bitcoin through Machankura as their primary means of paying bills and managing finances
What’s Next
As more users discover and explore the potential of bitcoin through Machankura, the app may see increased adoption and usage, particularly during bitcoin price rallies. Continued development and expansion of the app could further drive financial inclusion across Africa.
The Big Picture
Machankura demonstrates the transformative potential of bitcoin and the Lightning Network in emerging markets, where access to traditional financial services is limited. By lowering barriers to entry and enabling simple, text-based transactions, the app is helping to fulfill bitcoin’s promise of providing financial empowerment to the unbanked and underserved.
How do you think apps like Machankura will impact bitcoin adoption and financial inclusion in Africa? Leave a comment below with your thoughts.
