Banture

DeFi access for the unconnected users in LDCs and low internet access communities.

Banture

Created At

Unite Defi

Project Description

Banture is a Web3 system designed to bring DeFi accessibility to underserved communities, beginning in Uganda, where the majority still rely on low-bandwidth feature phones and have limited access to the internet. We aim to onboard everyday users into the world of on-chain finance using USSD-based wallet access, SMS notifications, and MSISDN-linked custodial wallets, while supporting full access via a modern web platform. Billions of people across Africa and the developing world are excluded from Web3 due to: Limited smartphone or internet access Complex wallet UX (e.g., 42-character hex addresses) High gas fees and unintelligible transaction flows Banture bridges that gap — delivering DeFi utility to any user, with any phone.

How it's Made

USSD Gateway Access Works on basic feature phones with no data access Users interact via simple ussd menus Allows: Wallet creation Balance checks Token price queries Transfers to other MSISDNs Transaction confirmations MSISDN-Centric Wallet System Every user is identified by their phone number (MSISDN) No need to remember or enter long wallet addresses Enables P2P transfers via phone numbers Custodial Wallets with User PINs Secure, server-managed EVM wallets Users control wallets via personal PINs Supports all major EVM-compatible chains (Ethereum, Polygon, BNB Chain, etc.) šŸ“ˆ On-Chain Price Feeds (via 1inch) Users can query current exchange rates for supported tokens Data fetched directly from 1inch's aggregation protocols SMS Notifications Wallet events (transfers, approvals, errors) sent via SMS Keeps users informed without internet access Web Portal (Progressive Web App) Full-featured wallet experience Transaction history, analytics, management tools

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