THNDR Games, a bitcoin game developer, made 13.92% of April payments to US titles using the Lightning Network (LN). Meanwhile, more than 50% went to nine other countries where LNG use has been largely under the radar.
According to data shared by bitcoin enthusiast Kevin Rooke, only 13% of THNDR Games’ Lightning Network payments in April went to US users. This may indicate the network’s growing footprint in the global payment space.
THNDR Games is a Bitcoin game A development company using the Lightning Network, a layer-two (L2) payment system built on top of the Bitcoin network, to perform instant micro-transactions. This allows players around the world to earn and spend Bitcoin (BTC) in its games.
Some of the games developed by THNDR Games include Bitcoin blocksand 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 usage growing in developing economies
According to the media reportsAbout 60% of the users of the play-for-profit (P2E) platform are from emerging economies, which has become a common market for companies using Bitcoin.
According to data provided by Rooke, six of the top ten countries in THNDR Games’ payment distribution in April came from the Global South.
The six countries, which include Brazil, the Philippines, Venezuela, Argentina, El Salvador and Mexico, accounted for nearly 32% of THNDR Games Lightning payments in April.
(embed) https://www.youtube.com/watch?v=PxELH-vWKSA (/embed)
The data shows that Brazilian THNDR 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 8th largest recipient of THNDR’s Lightning payments, ahead of France and Mexico.
Many observers believe that the distribution of THNDR Games’ payments is indicative of how the Lightning Network is growing around the world, especially in emerging economies with erratic currency markets and slow social growth.