Crypto gaming and payments app Zebedee has announced a collaboration with Bitnob that will enable African users to get rewarded with satoshis in the form of bitcoin when they play games or when they listen to podcasts. Furthermore, the satoshis accumulated can be converted to local currencies.
Making Cross-Border Payments Easier
Zebedee, a crypto gaming and payments app, has said its partnership with the crypto on and off-ramp platform Bitnob will see African users getting rewarded with satoshis each time they play games or when they listen to podcasts. After accumulating enough satoshis, the users will be able to convert these to their respective countries’ local currencies.
At the moment, the feature is only available to Nigeria, Kenya, and Rwanda, but Zebedee revealed in its April 12 blog post that other African countries will soon be added. In addition to earning bitcoins, Zebedee app users can also use it to make cross-border payments.
ZEBEDEE is expanding into #Africa by joining forces 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 their local currency 🎉 pic.twitter.com/gafCju1KqV
— ZEBEDEE (@zebedeeio) April 11, 2023
Explaining the decision to expand into Africa, Zebedee said in its blog post that its goal is to eventually provide a complete network of entry and exit points to the global economy through the Bitcoin Lightning Network.
Fiat Rails ‘Too Expensive’
Zebedee has already opened similar channels in Brazil and the Philippines, as well as the U.S., the U.K., and the European Union. Meanwhile, Zebedee’s chief strategy officer Ben Cousens has been quoted in one report explaining why the Bitcoin Lightning Network is the right 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 cannot pay those players on fiat rails — it is too expensive. I am limited to the U.S., and I lose money from loss of engagement. Try sending $0.01 to these territories on another rail,” Cousens reportedly said.
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