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Web3 App STEPN Integrates Apple Pay

STEPN, a Web3 lifestyle app that encourages people to move through a blockchain rewards system, has integrated a popular mobile wallet Apple Pay to enable fiat in-game purchases

Web3 App STEPN Integrates Apple Pay

A move-to-earn Web3 project STEPN, that rewards users for exercising and moving outdoors, has integrated the first fiat mobile wallet Apple Pay.

The move is a step up for the blockchain ecosystem as now STEPN customers should not necessarily link their crypto wallets to this SocialFi and GameFi app. The previous limitations might have prevented more clients from joining the inspiring Web3 experience.

STEPN is a DeFi mobile app that distributes GST and GMT crypto tokens for people who accept the challenges of running, jogging, or even regularly walking outdoors. However, initially, the users need to purchase non-fungible token (NFT) sneakers required for gameplay.

Therefore, many prospective customers might have been discouraged in the past by the necessity to create separate crypto wallets and perform trading. With the new integration, all they need to do in order to join the game is link their credit card to the wallet they might already use in their daily lives.

Having a social character, STEPN has quickly gained popularity in the Web3 community. The app scaled to over 700,000 monthly active users in May 2022, but has since declined to about 23,000. Jerry Huang, co-founder of Find Satoshi Labs (FSL), the company behind STEPN, believes that leveraging a hybrid combination of Web2 and Web3 technologies will facilitate onboarding more users to the ecosystem.

We have previously reported that BlockGPT aims to create a ChatGPT-style artificial intelligence ecosystem on the blockchain, introducing “chat to earn” reward opportunities alongside the tokens.

Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.