Unlocking Web3 in Africa: The Story Behind Lisk x Fonbnk

Imagine trying to send money to your family across borders, but every step feels like a challenge. Maybe the local bank is far away, or the lines are just too long. Perhaps the internet is too slow right now, or worse, you’re told you can’t access the service because you don’t have the right ID.

Now imagine doing all that, but instead of traditional banks or long waits, you simply use the airtime on your phone. No fuss, no complicated apps. Just a few taps, and your money moves as easily as sending a text. Sounds like a dream, right?

Well, that's exactly the kind of change we're bringing thanks to our new partnership with Fonbnk.

By Lisk

26 Sep 2024

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Breaking Barriers Together

For us at Lisk, our vision has always been about creating real solutions for real people. In Africa, there’s incredible potential but also unique challenges when it comes to accessing Web3. Strict regulations, a sometimes unreliable internet or even the difficulty of getting the necessary documentation can make it tough for people to engage with the ecosystem.

But what if those barriers didn’t matter? What if, instead of a complex challenge people could access digital currencies using something as simple as their phone’s airtime? Well, meet Fonbnk.

Fonbnk is a game-changer. They’ve figured out how to take something people use every day: airtime minutes, and turn it into a gateway to the global financial system.

Through Fonbnk, anyone with a phone in their pocket can buy and sell USDT directly from local payment platforms like M-PESA, or even using their leftover airtime. Yes, you read that right: airtime minutes are now a financial tool.

Why This Partnership Makes Sense

Let’s take a step back. Why does this partnership matter so much? First of all, it’s not just about technology. It’s about creating opportunities where there were none before.

In many parts of Africa, traditional banks are out of reach for the majority. Internet connections can be unstable at times, and people often don’t have the documentation needed for formal banking. But you know what? Everyone has a mobile phone. This partnership turns that phone into a tool of empowerment.

Through Fonbnk, Lisk is now giving users the power to access and use digital money in a way that feels natural to them. We don’t want to force users to adapt to crypto. We want to adapt crypto to fit users’ lives.

Want to buy or sell USDT? You don’t need a fancy bank app. Just your phone and a platform you already trust, like M-PESA. Even if you’re offline, your airtime minutes are enough to get you started.

More Than Just Technology: It’s About Impact

At Lisk, we believe in blockchain technology, but even more than that, we believe in its potential to change lives. That’s why working with Fonbnk feels like a perfect fit.

When we say Africa is ready for crypto, we’re not just talking about tech-savvy developers or traders. We’re talking about everyday people: the market vendor, the student, the parent working hard to send money home. By making USDT easily accessible through mobile platforms they already know and trust, we’re not only offering a new way to handle money but a new sense of freedom and possibility.

The Future Starts Today

This partnership with Fonbnk marks a milestone for us at Lisk, but more importantly, it marks the start of something bigger for Africa. It’s about opening doors and giving millions of people access to the global economy, using nothing more than the airtime in their phones.

So, what’s next? Starting today, users in Africa can buy and sell USDT on Lisk using Fonbnk. Whether you’re using M-PESA, bank transfers, or airtime minutes, the power of the blockchain is now right in your hands, or maybe your pocket.

This is just the beginning, but it’s a beginning we’re incredibly proud of. Together with Fonbnk, we’re making financial access real for those who need it most. The world of crypto is vast, but through partnerships like these, we’re making sure it reaches everyone.

Ready to be part of the change? Start today by visiting 👉 pay.fonbnk.com.