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The company behind the popular move-to-earn app STEPN, FSL, has partnered with MasterCard to launch a groundbreaking payment solution called GMT Pay. This innovative feature allows users to spend their STEPN tokens, including GMT and GGT, directly with merchants worldwide that accept MasterCard. The initiative marks a significant step toward bridging the gap between cryptocurrency and traditional finance.

What Is GMT Pay?

GMT Pay is a digital payment solution designed to transform crypto rewards into real-world purchasing power. As part of this partnership, FSL is introducing the GMT Pay Gift Card, available in denominations of $50, $100, $200, and $300. These virtual cards are compatible with both Apple Pay and Google Pay, offering users the convenience of making online and offline purchases globally.

Key features of GMT Pay include:

  • Instant card activation: Users can activate their virtual cards quickly without delays.
  • Global availability: The service is accessible worldwide, with minimal restrictions.
  • Compatibility: The cards can be added to Apple Pay and Google Pay for seamless transactions.

Why This Matters for STEPN Users

The primary goal of GMT Pay is to provide an effortless way for STEPN users to spend their earned tokens without the need for crypto exchanges. This advancement empowers users to use their governance tokens (GMT) and game tokens (GGT) directly for purchases, eliminating the complexity of converting digital assets into fiat currency.

“Three years ago, the idea of a Web3 payments app felt like a distant dream. Today, it’s a reality. You can go for a run with STEPN GO, earn rewards, download GMT Pay, and seamlessly use your earnings to make real-world purchases. This is the evolution of Web3—bridging the gap between digital and physical worlds,” said Yawn Rong, Co-Founder of FSL.

How GMT Pay Benefits the Web3 Ecosystem

By launching GMT Pay, FSL is reinforcing its commitment to making Web3 technology more accessible and practical for everyday use. According to Shiti Manghani, CEO of FSL, the new payment solution helps fitness enthusiasts and crypto users alike unlock the full potential of their digital earnings:

“GMT Pay is the next step in empowering users to bring Web3 into their everyday lives. From fitness enthusiasts earning on STEPN GO to shoppers looking for global convenience, GMT Pay makes digital earnings useful in ways we couldn’t imagine just a few years ago.”

About STEPN

STEPN is a move-to-earn app that rewards users for engaging in physical activities like walking and running. With over 5.7 million registered users, STEPN has become a popular choice for those looking to combine fitness with earning opportunities. The app’s native tokens, GMT and GGT, are central to its ecosystem, and the launch of GMT Pay further enhances their utility.

What This Means for Crypto Adoption

The launch of GMT Pay is a significant milestone in the adoption of cryptocurrency for everyday transactions. By integrating with a global payment provider like MasterCard, FSL is making it easier for users to transition from earning tokens in a digital environment to spending them in the real world. This move highlights the potential for Web3 technologies to create practical solutions that benefit a wide range of users.

For those interested in cryptocurrencies, fitness, or finance, GMT Pay offers a glimpse into the future of digital payments and the growing integration between blockchain technology and traditional financial systems.

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