STEPN introduces direct web3 payments via GMT Pay

STEPN developer Find Satoshi Lab has introduced its payment solution GMT Pay, which allows users to spend their web3 earnings for everyday payments.

With the payment solution, users can earn the GMT and GGT tokens through Find Satoshi Lab’s move-and-earn platform STEPN GO and other products. These earnings can then be spent directly as real-world everyday payments. 

Powered by Mastercard, GMT Pay functions as a GMT Giftcard – a virtual Mastercard available in denominations of $50, $100, $200, and $300. Globally accessible, users of GMT Pay can both make online and offline payments, including places such as Amazon, Spotify, and Apple Pay and Google Pay. 

FSL co-founder Yawn Rong commented, “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 added, “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.”