Tuesday, October 3, 2023

Zebedee Partnership With Bitnob Sees African Players Rewarded With BTC – Bitcoin Information

Must read

African customers of the bitcoin gaming and funds app Zebedee will now be rewarded within the type of satoshis after they play video games or after they take heed to podcasts. Along with with the ability to convert their rewards into native currencies, African customers of the Zebedee app can use it to make cross-border funds.

Changing Satoshis to Native Currencies

Zebedee, a crypto gaming and funds app, has stated its partnership association with the crypto on and off-ramp platform Bitnob will see African customers getting rewarded with satoshis every time they play video games or after they take heed to podcasts. After accumulating sufficient satoshis, the customers will be capable to convert these to their respective international locations’ native currencies.

Whereas this new function is at present solely open to customers from Nigeria, Kenya, and Rwanda, Zebedee revealed in its April 12 weblog publish that there are plans so as to add extra African international locations. Apart from incomes bitcoins, customers of the Zebedee app may also use it to settle cross-border obligations.

The corporate’s weblog publish additionally sought to elucidate why Zebedee has chosen to develop its footprint in Africa and why the Bitcoin Lightning community is the best community for transferring funds throughout borders.

“The mixing with Bitnob is Zebedee’s first step into the huge and numerous continent of Africa – however that’s just the start. We’re planning to increase our protection to extra international locations supported by Bitnob, in addition to many others to ultimately present a whole community of entry and exit factors to the worldwide economic system via the [Bitcoin] Lightning Community,” the weblog publish defined.

Fiat Rails ‘Too Costly’

The weblog publish in the meantime revealed that Zebedee already has opened comparable channels in Brazil and within the Philippines. The European Union, america, and the U.Okay. are the opposite key areas the place Zebedee has created such channels, the publish added.

In the meantime, Zebedee’s chief technique officer Ben Cousens has been quoted in a single report explaining why the Bitcoin Lightning Community is the appropriate match.

“If I’m Activision Blizzard or EA Video games and I’ve 30 million gamers of my video games in Africa, and I run tournaments or giveaways, I can not pay these gamers on fiat rails — it’s too costly. I’m restricted to the U.S., and I lose cash from lack of engagement. Attempt sending $0.01 to those territories on one other rail,” Cousens reportedly stated.

What are your ideas on this story? Tell us what you assume within the feedback part beneath.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, writer and author. He has written extensively concerning the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any injury or loss induced or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Supply hyperlink

More articles


Please enter your comment!
Please enter your name here

Latest article