{"id":25525,"date":"2022-08-10T13:28:25","date_gmt":"2022-08-10T13:28:25","guid":{"rendered":"http:\/\/egrowonline.com\/?p=25525"},"modified":"2022-08-10T13:28:25","modified_gmt":"2022-08-10T13:28:25","slug":"sms-service-allows-sending-btc-with-a-text","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=25525","title":{"rendered":"SMS service allows sending BTC with a text"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-v-28d77a7a=\"\">\n<p>An innovation using the cellular network (GSM) could onboard millions of Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) users previously unreachable by the internet-dependent Bitcoin protocol.\u00a0Built by South African developer Kgothatso Ngako, the new SMS-based service is named Machankura, a slang South African word for money.<\/p>\n<p>KG, as he\u2019s known to his friends, spoke to Cointelegraph from Pretoria, South Africa, about his fascination with Bitcoin and the hope he has that sending it like a text will bring BTC to millions of Africans.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Machankura, the <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#Bitcoin<\/a> for feature phones service in Africa, is slowly growing. <a target=\"_blank\" href=\"https:\/\/t.co\/TZngXXVhu0\" rel=\"noopener\">https:\/\/t.co\/TZngXXVhu0<\/a><\/p>\n<p>\u2014 Derek Ross &#x26a1;5&#xfe0f;&#x20e3; (@derekmross) <a target=\"_blank\" href=\"https:\/\/twitter.com\/derekmross\/status\/1556695155977162754?ref_src=twsrc%5Etfw\" rel=\"noopener\">August 8, 2022<\/a><\/p><\/blockquote>\n<p>As an English speaker, when he first learned about Bitcoin, he listened to audiobooks and podcasts on the way to work. His commute kept getting longer to maximize Bitcoin education. A 20-minute cycle became a 2-hour commute to the Council for Scientific and Industrial Research (CSIR) in South Africa, where he worked as a software developer.\u00a0KG also coded up Manchakura while working at the CRIS.<\/p>\n<p>In a separate interview, Master Guantai, founder of Bitcoin Mtaani, told Cointelegraph, \u201cThe number of cellphones in Africa is double the number of people.\u201d However, internet-enabled smartphone penetration remains low.<\/p>\n<p>In Kenya, Guantai\u2019s home country, he explains that topping up a phone with airtime is as common as credit card payments in the West. A report by Caribou backs up the statement: 94% of financial transactions in Africa are through USSD, the protocol used to send text messages, whereas just 6% of these transactions are made via mobile apps. \u200b\u200b<\/p>\n<p>In sum, while there are millions of phones in Africa, they\u2019re mostly used for texting. KG had stumbled onto something that could be huge for Bitcoin adoption in Africa.<\/p>\n<blockquote><p>\u201cThis year, a lot of conversations in the space were around USSD or making Bitcoin accessible on feature phones\u2013this could be a part-time project\u2013let me just set it up. And that\u2019s basically how Machankura came to be!\u201d<\/p><\/blockquote>\n<p>KG started by building an African language translation project Exonumia. Now providing Bitcoin-related education in dozens of languages, he explained to Cointelegraph that if we make Bitcoin more accessible to Africans, then, as a consequence, they will learn about money and find a way to improve their quality of life. <\/p>\n<p>Once Exonumia picked up steam, he questioned, \u201cwhat are the other barriers to accepting Bitcoin? Language is one\u2013the other is internet access.\u201d He sums up the internet in Africa as a space dominated by big applications such as Instagram and Facebook. The problems inherent to smartphone users are having enough space on phones, internet connectivity and price. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-08\/bcb7718e-3dcd-4d56-9126-aa5bf1ad4cb4.png\" \/><figcaption style=\"text-align: center\">KG shares screenshots of Machankura in action.<\/figcaption><\/figure>\n<p>KG explains, \u201cThe major focus is on spending and receiving Bitcoin.\u201d KG explains how it works. Users dial a number and then introduced to a menu where they can learn more about Bitcoin or register an account. &#8220;All you need to register an account is a 5-digit pin, and from there on, you are presented with a different menu: send and receive Bitcoin.\u201d<\/p>\n<p>Here is Paco, the\u00a0<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-runs-the-world-traveling-to-40-countries-in-400-days-with-btc\" rel=\"noopener\">Bitcoin traveler who won\u2019t stop teaching people about Bitcoin around the world<\/a>\u2013demonstrating Machankura to a teacher in Nigeria, at Cointelegraph\u2019s request.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Used <a target=\"_blank\" href=\"https:\/\/twitter.com\/Machankura8333?ref_src=twsrc%5Etfw\" rel=\"noopener\">@Machankura8333<\/a> to share some Sats with High school teacher in Lagos, Nigeria.<a target=\"_blank\" href=\"https:\/\/twitter.com\/LumiExc?ref_src=twsrc%5Etfw\" rel=\"noopener\">@LumiExc<\/a> went to this school.<a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/btc?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#btc<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/hyperbitcoinization?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#hyperbitcoinization<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/ba5SPAGPLE\" rel=\"noopener\">pic.twitter.com\/ba5SPAGPLE<\/a><\/p>\n<p>\u2014 Paco de la &#x26a1; (@RunwithBitcoin) <a target=\"_blank\" href=\"https:\/\/twitter.com\/RunwithBitcoin\/status\/1556786885808332801?ref_src=twsrc%5Etfw\" rel=\"noopener\">August 8, 2022<\/a><\/p><\/blockquote>\n<p>As a result, Lightning wallet-compatible apps on phones or computers can send<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-for-beginners\/what-is-the-lightning-network-in-bitcoin-and-how-does-it-work#:~:text=The%20Lightning%20Network%20is%20a,make%20up%20the%20second%20layer.\" rel=\"noopener\"> Bitcoin over the Lightning Network<\/a> to the phone\u2019s number\u2013it has effectively become a lightning address. Machankura has integrated with Bitrefill, an increasingly<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/making-money-escaping-poverty-bitcoin-and-lightning-in-mozambique\" rel=\"noopener\"> popular prepaid gift card service for Bitcoin in Africa<\/a>. Soon,\u00a0South Africans will be able to top up their Lighting Wallets with credit from grocery stores in a partnership with \u201cOne for you,\u201d a voucher provider.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Machankura users can now redeem <a target=\"_blank\" href=\"https:\/\/twitter.com\/Azteco_?ref_src=twsrc%5Etfw\" rel=\"noopener\">@Azteco_<\/a> (and 1 For You) Bitcoin vouchers using the USSD interface. <a target=\"_blank\" href=\"https:\/\/t.co\/qkPRwGzkrL\" rel=\"noopener\">pic.twitter.com\/qkPRwGzkrL<\/a><\/p>\n<p>\u2014 Machankura 8333 (@Machankura8333) <a target=\"_blank\" href=\"https:\/\/twitter.com\/Machankura8333\/status\/1557290245330198528?ref_src=twsrc%5Etfw\" rel=\"noopener\">August 10, 2022<\/a><\/p><\/blockquote>\n<p>As Ngako summarizes, &#8220;A person literally without no internet access can go from having no Bitcoin to having Bitcoin and then go to spending Bitcoin.&#8221;<\/p>\n<p><strong><em>Related:\u00a0<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-is-for-billions-fedimint-on-scaling-btc-in-the-global-south\" rel=\"noopener\">Bitcoin is for billions: Fedimint on scaling BTC in the global south<\/a><\/em><\/strong><\/p>\n<p>Master Guantai also shares that it works well in six African countries already. Plus, popular exchange Paxful has already shown interest, Guantai explains, as the ease with which people can be onboarded using GSM is understated.<\/p>\n<p>KG flags potential concerns with the innovation as the government banning or reacting negatively to Bitcoin. The commission fees for buying the voucher could put people off, and the fact that KG understands that in offering a centralized company to onboard people into Bitcoin, there\u2019s a risk that they don\u2019t spend the time getting to know the technology. <\/p>\n<p>Plus, the service is custodial, a point that works against the Bitcoin ethos of \u201cnot your keys, not your coins.\u201d So, he is looking for a way to use SIM cards as private keys.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-without-internet-sms-service-allows-sending-btc-with-a-text\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An innovation using the cellular network (GSM) could onboard millions of Bitcoin (BTC) users previously unreachable by the internet-dependent Bitcoin protocol.\u00a0Built by South African developer Kgothatso Ngako, the new SMS-based service is named Machankura, a slang South African word for money. KG, as he\u2019s known to his friends, spoke to Cointelegraph from Pretoria, South Africa, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[194,3999,320,4624,7736],"class_list":["post-25525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-btc","tag-sending","tag-service","tag-sms","tag-text"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvYmRkNDMwN2ItOTA3ZS00M2I4LTk5ZGUtYzExNzlhYmJjYjc1LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25525"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25525\/revisions"}],"predecessor-version":[{"id":25527,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/25525\/revisions\/25527"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/25526"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25525"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}