- Zebedee and Bitnob have partnered to provide African gamers with the ability to earn Bitcoin while playing classic games such as Counter-Strike.
- The partnership offers a second layer in games that replaces in-game point rewards with satoshis, the smallest denomination of Bitcoin, which can be converted to local currency like Nigerian nairas.
- The Bitcoin Lightning Network allows game developers to offer rewards to African gamers without the high costs associated with fiat rails, making it an ideal market for this new offering.
Zebedee, a fintech and payments processor, has teamed up with Bitnob to offer African gamers an opportunity to earn Bitcoin while playing classic games like Counter-Strike. This partnership allows African users to earn Bitcoin through Zebedee-powered apps and games. This offering is part of a second layer in games that replaces vague in-game point rewards with satoshis, the smallest denomination of Bitcoin. The satoshis can then be converted into a local currency like Nigerian nairas.
The partnership between Zebedee and Bitnob was driven by game developers who had Bitcoin in mind for tournaments and other gaming rewards. Zebedee’s chief strategy officer, Ben Cousens, explained that the Bitcoin Lightning Network will allow game developers to offer rewards to African gamers without the high costs associated with fiat rails.
Cousens stated, “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.”
Africa is home to a young demographic and a digitally native population, making it an ideal market for this offering. Cousens stated, “We’ve seen consistent evidence of high demand for our platform across the African continent, where the purchasing power of Bitcoin is considerably higher than markets like the U.S. and Europe.”
With this new offering, African gamers can earn Bitcoin while playing classic games, providing them with a new way to earn and spend money. This innovation opens up a new market for game developers and payment processors in Africa, while also helping to bring more people into the world of Bitcoin. The use of Bitcoin in gaming is an exciting development, and it will be fascinating to see how this technology develops and expands in the future.