Zebedee Partnership With Bitnob Sees African Players Rewarded With BTC – Bitcoin News
African users of the bitcoin gaming and payment app Zebedee will now be rewarded in the form of satoshis when they play games or when they 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 to local currency
Zebedee, a crypto gaming and payment app, has said its partnership deal with crypto on-off platform Bitnob will see African users rewarded with satoshis every time they play games or listen to podcasts. After accumulating enough satoshis, users will be able to convert these into their respective countries’ local currencies.
Although this new feature is currently only open to users from Nigeria, Kenya and Rwanda, Zebedee revealed in his blog post on April 12 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 liabilities.
ZEBEDEE expands to #Africa by merging with @Bitnob_official! 🤝🌍
Africans in countries supported by #Bitnob can now easily send money anywhere in the world, earn #Bitcoin in tons of games and apps and easily convert and spend in your local currency 🎉 pic.twitter.com/gafCju1KqV
— ZEBEDEE (@zebedeeio) 11 April 2023
The company’s blog post also attempted to explain why Zebedee has chosen to increase its footprint in Africa and why the Bitcoin Lightning network is the ideal network for moving funds across borders.
“The integration with Bitnob is Zebedee’s first step into the vast and diverse continent of Africa – but it is only the beginning. We plan to expand our coverage to more countries supported by Bitnob, as well as many others to eventually provide a complete network of entry and exit points to the global economy through [Bitcoin] Lightning Network,” the blog post explained.
Fiat Rails “Too expensive”
The blog post, meanwhile, revealed that Zebedeus has 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 post added.
Meanwhile, Zebedee’s Chief Strategy Officer Ben Cousens has been quoted in a report explaining why the Bitcoin Lightning Network is a good fit.
“If I’m Activision Blizzard or EA Games and I have 30 million players of my games in Africa, and I run tournaments or giveaways, I can’t pay those players on fiat rails – it’s too expensive. I’m limited to the US, and I’m losing money on loss of engagement. Try sending $0.01 to these territories on another railroad,” Cousens reportedly said.
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