Gaming News
| Published On Jan 28, 2025 9:09 am CET | By Jenny Patel

STEPN Launches GMT Pay to Enhance Web3 Payments

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Find Satoshi Lab (FSL), the developer behind the popular move-to-earn platform STEPN, has unveiled its latest innovation, GMT Pay. This new payment solution allows users to convert their web3 earnings into real-world spending. With GMT Pay, digital earnings from STEPN and related products can now be used for everyday purchases, seamlessly bridging the gap between the digital and physical worlds.

A New Era for Web3 Payments

GMT Pay is powered by Mastercard, offering users a virtual Mastercard gift card that can be used for both online and offline transactions. The gift card is available in denominations of $50, $100, $200, and $300. Users can now pay at various platforms, including major services like Amazon, Spotify, Apple Pay, and Google Pay.

Through STEPN GO, a move-and-earn platform, users can earn GMT and GGT tokens while engaging in physical activities. These earnings can be directly converted to the GMT Pay card, allowing users to shop or pay for services just like with traditional payment methods. This marks a significant step forward for the web3 ecosystem, offering practical solutions for digital earnings.

Yawn Rong, co-founder of FSL, shared his enthusiasm for the launch: “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.”

FSL CEO Shiti Manghani also highlighted the groundbreaking nature of GMT Pay: “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.”

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Jenny Patel

Jenny Patel, a dedicated freelance writer, has been consumed by her love for gaming since her childhood days. Her go-to games growing up were Elder Scrolls V: Skyrim on PC and Halo 3 on XBOX. Jenny now enjoys the flexibility of working remotely, allowing her to explore the world while indulging in her gaming passion.

Tags: Stepn