Fonbnk: A DeFi dApp using mobile prepaid airtime credits as an onramp to Web3 for the emerging world
Fonbnk was started as a bet between the founder, Chris Duffus, an experienced Fintech entrepreneur, and his brother-in-law who recently returned from a vacation to Kenya. The wager involved an unused Safaricom SIM and how Chris might sell the value locked in the unused SIM card back to an airtime reseller in Kenya from his home in Washington, DC USA. With some ingenuity, he devised a hack taking out digital ads. He was able to find a few interested parties who he invited to j