Thndr introduces Clinch API to enhance online wagering with the Bitcoin Lightning Network
Clinch API promises to make online gaming more accessible to people in developing countries.
Thndr Games has released Clinch, an Application Programming Interface (API) designed to enable peer-to-peer wagering using the Bitcoin Lightning Network.
This development aims to address challenges within traditional competitive gaming platforms by offering low entry costs, borderless wagering and swift peer-to-peer payouts.
Crypto-only casinos have introduced in-house games that allow for higher maximum bets, surpassing live table games’ limits.
Furthermore, the growth of cryptocurrencies, especially Ethereum and Bitcoin, has impacted the iGaming industry.
As of H1 2023, digital coin bets have seen a stable 17% growth in monetary terms, with the number of crypto bets soaring by 84% since the second half of 2022.
Bitcoin has shown the most growth, with its share increasing by 8%. Ethereum, Litecoin and Tether have also seen increases, despite fluctuations in cryptocurrency rates.
Clinch API promises to allow users to place wagers for one satoshi and offers no predefined upper wager limit.
Additionally, Thndr believes that Clinch API will have wider implications with the following impacts:
– Clinch API aims to make online gaming more accessible to people in developing countries. Currently, many online gaming platforms do not accept players from certain countries due to regulatory restrictions.
– Clinch API wants to help promote the adoption of Bitcoin and the Lightning Network. By making it easier to use Bitcoin and the Lightning Network for online gaming, Clinch API could help to increase the adoption of these technologies.
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