THNDR Games, a Bitcoin game developer, made 13.92% of its April payments to addresses in the United States using the Lightning Network (LN). Meanwhile, more than 50% went to nine other countries where LN use has largely flown under the radar.
According to data shared by Bitcoin enthusiast Kevin Rooke, only 13% of THNDR Games’ Lightning Network payments in April went to users in the United States. This potentially signify the network’s growing footprint in the global payment space.
THNDR Games is a Bitcoin game development company that uses the Lightning Network, a layer-2 (L2) payment system built on top of the Bitcoin network, to make instantaneous micro-transactions. This allows gamers across the world to earn and spend bitcoin (BTC) in its games.
Some of the games that THNDR Games has developed include Bitcoin Blocks, Turbo 84, and Club Bitcoin: Solitaire.
These games allow players to compete for prizes, collect non-fungible tokens (NFTs), and enjoy casual gaming experiences while earning BTC.
Lightning Network use growing in developing economies
According to media reports, about 60% of the play-to-earn (P2E) platform’s users are from emerging economies, which have become a common market for businesses that use Bitcoin.
Per the data provided by Rooke, six of the top ten countries in THNDR Games’ April payment distribution came from the global south.
The six, which include Brazil, the Philippines, Venezuela, Argentina, El Salvador, and Mexico, accounted for nearly 32% of THNDR Games Lightning payments in April.
The data shows that THNDR’s Brazilian users received the second-highest percentage of payments via Lightning at 9.18%, followed by the Philippines at 6.46% and Venezuela at 5.79%.
5.2% of the payments went to THNDR users in Germany, while 4.77% and 3.84% went to Argentina and Spain, respectively.
El Salvador, the first country in the world to recognize bitcoin as legal tender, was the eighth largest recipient of THNDR’s Lightning payments, ahead of France and Mexico.
Many observers believe THNDR Games’ payment distribution indicates how the Lightning Network is growing worldwide, especially in emerging economies with erratic currency markets and sluggish social growth.
Disclaimer: CryptoNewsBook is an online aggregator that fetches latest crypto news from different sources. This article is provided for general information purposes ONLY and contains data fetched from third party sources; hence, we do not endorse its accuracy. For more details, kindly visit The Source. Please report any fake news or false statement to Our Support Team. If you are the original owner of this content and wish it to be removed on this platform, kindly forward your request to Our Support Team.
Also Note: Cryptocurrencies are unregulated, and no part of this article should be understood nor interpreted as a recommendation/advice. #s2