{"id":9228,"date":"2021-08-08T13:00:00","date_gmt":"2021-08-08T10:00:00","guid":{"rendered":"https:\/\/techrafiki.com\/?p=9228"},"modified":"2021-08-08T11:01:23","modified_gmt":"2021-08-08T08:01:23","slug":"ytib-capital-bridging-blockchain-usage-gap","status":"publish","type":"post","link":"https:\/\/techrafiki.com\/ytib-capital-bridging-blockchain-usage-gap\/","title":{"rendered":"YTIB Capital: Bridging the Blockchain usage gap through SMS"},"content":{"rendered":"\n
While not many people in Uganda and across the African continent are using Blockchain technology mainly due to its complexity, YTIB Capital is helping simplify it so as to increase usage.<\/p>\n\n\n\n
Through its SMS to Blockchain and API service, YTIB seeks to bring the ordinary person into the bracket of Blockchain users so as to impact their lives meaningfully.<\/p>\n\n\n\n
According to Michael Katerega, the founder and Team Leader at YTIB Capital, Blockchain is currently only impacting society mostly on the high end, leaving out the last mile person.<\/p>\n\n\n\n
\u201cWe are seeking to bridge that gap between the people who are supposed to use it; that person in the village, and the person at the high end of development,\u201d Katerega says.<\/p>\n\n\n\n
Read About: Enimiro Online aiding financial inclusion through farmer-consumer model<\/a><\/p>\n\n\n\n YTIB Capital is a financial markets software company that deals in several software initiatives, especially for financial markets in Africa.<\/p>\n\n\n\n Despite its immense potential, Katerega says the Blockchain technology is misunderstood by communities, especially given that most people mistake it for Crypto Currencies which have been used to defraud people.<\/p>\n\n\n\n \u201cA lot of people think that Crypto Currencies is blockchain, which is not true. Blockchain is separate technology and Crypto Currency is just a product that comes on top of the Blockchain technology,\u201d he says.<\/p>\n\n\n\n He adds: \u201cBlockchain has a lot of potential that is why we came up with an SMS to blockchain platform whereby we are trying to put the power of Blockchain in the hands of as many people as possible by incorporating with SMS.\u201d<\/p>\n\n\n\nWhat does YTIB Capital do?<\/strong><\/h3>\n\n\n\n