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Bitcoin exchange BitSika was launched in Ghana, enabling users to buy large and small sums of bitcoin instantly via web or USSD.
Launched earlier this year, BitSika allows both connected and unconnected people to buy and sell bitcoin, and also acts as a wallet service.
The bootstrapped startup is in the process of raising a US$100,000 seed round which it hopes will fund its mission to lead Ghana’s crypto space.
Founder Atsu Davoh said the team had been encouraged by the early uptake of the platform.
“In less than two days, there were over 200 requests to join. The team anticipated 20. The increasing number of new users meant that we had to increase the RAM of our web server to handle the traffic”
“BitSika also ran out of free bitcoin wallet addresses to give out to new users because we had exhausted all the addresses given to us by the API startup. We refused to charge users for addresses because that was not part of the initial plan. Users kept coming in and their orders kept increasing past what was normally allowed through MTN mobile money.”
Due to the fundraising activities, the site has paused selling bitcoins. The site is, however, active for all users to test all features of BitSika.