By Norah ODonnell
The famous crypto exchange company in Africa, Bitnob, has partnered with Zebedee to improve the gaming sector. The team has agreed to utilize the Bitcoin Lightning Network (LN) to improve the payment system.
The new partners agreed to leverage their resources to create a unique gaming reward system. This feature will be integrated into the Zebedee online platforms to allow Africa to engage in play and earn games.
Zebedee Partners with Bitnob
Initially, the fintech reward system allowed the developers to exchange their earnings from the Zebedee games for Satoshi currency. Notably, the Satoshi digital currency represents a small unit of Bitcoin, valued at 0.00000001 BTC at the time of writing.
Bitnob and Zebedee partnership allows users to exchange the reward for their local fiat currency, including the Nigerian naira. A speech from Zebedee chief strategy officer Ben Cousens revealed that the game developers persuaded the fintech team to seek a partnership with a crypto firm.
The developers had submitted their proposal to Cousens and the team outlining suitable gaming rewards. Most of the proposals recommended the adoption of Bitcoin gaming rewards.
They argued that paying African players through fiat was much more expensive. However, the current limitation in the US might undermine Zebedee’s efforts to attract customers from the region.
Features of the Proposed Bitcoin Game
In his address, Cousens estimated that video games reached $180 billion in 2022. This figure comprises play-to-earn and other crypto games.
Recently market analysts observed that the innovative Lightning Network feature had gained popularity in Africa. They argued that the LN had demonstrated enormous potential to execute microtransactions in the African market.
The founder of Dakar Bitcoin supported the ongoing speculations of LN. He argued that the surge in microtransactions activities in Africa has contributed to the high adoption of LN technologies.
An analysis of LN adoption in Africa demonstrated that most millennials and the tech-savvy population are exploring lightning network technologies. The Cousens report revealed that the high demand for LN in Africa has increased Bitcoin transactions.
He stated that Africa Bitcoin usage is higher than in the US and European markets. Cousens argued that despite the bearish market, the integration of LN in gaming continues to gain traction.
He announced that rewarded games motivate developers to leverage their expertise to create innovative gaming solutions. He confessed that the play-and-earn games provide the user with a multiple-player feature that improves the gaming experience.
According to data captured by CoinMarketCap, Bitcoin prices dipped by 0.82% to reach $29,956.28 in a day. The price attained its highest point at $30,462.48 before establishing a dribbling momentum to reach its lowest at $29,725.57.
The trading volume has dropped by 18.65% to $20,239,553,111 in the last 24 hours. The market capitalization of Bitcoin decreased to $579,152,825,330, a 0.85% decline over a day.