Zebedee’s partnership with Bitnob sees African gamers rewarded with BTC – Bitcoin News

[ad_1]

African users of Bitcoin gaming and payments app Zebedee will now be rewarded in the form of satoshis when they play games or listen to podcasts. In addition to being able to convert their rewards into local currencies, African users of the Zebedee app can use it to make cross-border payments.

Conversion of Satoshis into local currencies

Zebedee, a crypto gaming and payment app, said its partnership deal with on and off-ramp crypto platform Bitnob will see African users rewarded with satoshis every time they play games or when they listen to podcasts. After accumulating enough satoshis, users will be able to convert them into the local currencies of their respective countries.

Although this new feature is currently only open to users in Nigeria, Kenya and Rwanda, Zebedee revealed in his April 12 blog post that there are plans to add more African countries. In addition to earning bitcoins, users of the Zebedee app can also use it to settle cross-border obligations.

ZEBEDEE is growing in #Africa by partnering with @Bitnob_official!

Africans in #Bitnob-supported countries can now easily send money anywhere in the world, earn #Bitcoin in tons of games and apps, and easily convert and spend in their local currency pic.twitter.com/gafCju1KqV

— ZEBEDEE (@zebedeeio) April 11, 2023

The company’s blog post also sought to explain why Zebedee chose to expand its footprint in Africa and why the Bitcoin Lightning Network is the ideal network for moving funds across borders.

“Integrating with Bitnob is Zebedees’ first step into the vast and diverse continent of Africa, but it’s only the beginning. We plan to expand our coverage to more Bitnob-supported countries, as well as to many others, to eventually provide a comprehensive network of entry and exit points to the global economy through the [Bitcoin] Lightning Network,” the blog post explains.

Fiat rails “too expensive”

Meanwhile, the blog post revealed that Zebedee had already opened similar channels in Brazil and the Philippines. The European Union, the United States and the United Kingdom are the other key regions where Zebedee has created such channels, the message added.

Meanwhile, Zebedees Chief Strategy Officer Ben Cousens was quoted in a report explaining why the Bitcoin Lightning Network is the right solution.

“If I’m Activision Blizzard or EA Games and I have 30 million players of my games in Africa, and I’m running tournaments or giveaways, I can’t pay those players on fiat rails, that’s too expensive. I’m limited to the US and losing money due to loss of commitment. Try sending $0.01 to these territories on another rail,” Cousens reportedly said.

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic issues of some African countries as well as how digital currencies can provide an escape route for Africans.

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is provided for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More popular newsIn case you missed it

[ad_2]