BitKE sat down for an exclusive interview with the founder of Machankura – the first Bitcoin USSD service in Africa.
Machankura is a slang word for ‘Money’ in South African townships.
Discussing the challenges faced during the launch of Machankura, Kgothatso, the founder of the service, highlighted getting reliable service providers as a big challenge.
Except for Namibia, Machankura has deployed the service via Africa’s Talking across the other markets it is currently operational.
In this interview you will learn:
- 00:00 – Intro
- 02:44 How did Machankura come up?
- 04:30 – The Meaning of Machankura
- 05:09 – Challenges of a USSD crypto in Africa
- 07:47 – About legal implications
- 10:10 – About the expansion of Machankura
- 11:06 – Coming up with Usernames
- 13:12 – Number of current users\Countries
- 14:48 – About Satoshi’s
- 16:26 – Ease of getting a Machankura account
- 17:41 – Base network of operation
- 22:05 – Transaction rates\fees
- 22:50 – Machankura partnerships
- 24:54 – Futuristic plans
- 25:53 – Advice to Start-Ups
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