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Blockchain Gaming Platform STEPN Integrates With Apple Pay

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Should I buy StepN
Should I buy StepN

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In an announcement, STEPN, a widely-used Web3 application for earning rewards, has achieved a significant milestone by becoming the first blockchain-based gaming platform to incorporate Apple Pay into its system. The project was launched in 2018, during the crypto craze driven by the Bitcoin bull run, as one of the first to reward users with a token for carrying out an activity.

Apple And STEPN Partner To Offer Convenience To Crypto Users

The integration facilitates the acquisition of in-app STEPN products and enhancements through Apple Pay. This is through a manner that is both uncomplicated and secure for users. Users can carry out transactions without requiring a cryptocurrency wallet by connecting their bank card to Apple Wallet.

According to the announcement, the users can notably purchase the project’s non-fungible tokens (NFTs) sneakers with the convenience of service. This is through synchronizing it with their mobile device and earning incentives for engaging in physical activities such as walking, jogging, or running. Since its establishment in 2021, STEPN has slowly emerged as one of the most sought-after Web3 applications. It boasts a thriving community that attracts between two to three million active users monthly.

Notably, adding a credit or debit card to an Apple wallet on an iPhone can help streamline payment procedures. This is by making it easier to access products and services and eliminating time-consuming challenges, including the need to connect a cryptocurrency wallet. On the other hand, users’ card details are not retained within a solitary application, leading to heightened security.

According to the Co-Founders of Find Satoshi Labs (FSL), Yawn Rong, the web3 development studio responsible for STEPN, the integration represents a significant opportunity to expand their reach and make Web3 technology more widely available. Additionally, this integration will bridge Web2 and Web3 technology in a novel way, a significant achievement. Rong has noted:

This development represents a significant milestone in the integration of these technologies. Nonetheless, we are highly assured that it will be pivotal in onboarding the subsequent 100 million Web3 users. Our team’s capability to achieve this task is assured, given our track record of scaling from thousands to millions of daily active consumers in the past. We are immensely proud at this moment and express our gratitude for the support extended by Apple.

STEPN New Reward System

The USDC, the Circle-based stablecoin, will also support the new partnership. In order to obtain one of these assets, users must buy 10 SPARK credits and access the In-App marketplace. Further, the team behind the project has noted:

This integration will enable a long-awaited update to the STEPN marketplace in iOS, which will be available from within the STEPN app, improving the user experience for our community.

Additionally, STEPN will implement a new reward system called” Badges & Achievement” for iOS users. The system will enable individuals to reach milestones, complete milestones, as well as complete their collections.

According to Jerry Huang, a Co-Founder at FSL, the STEPN app was the initial move-and-earn platform made available on the App Store. Over a year, the team has achieved various activities, including successfully launching exceptional products, welcoming millions of users, and fostering a highly dedicated community. Huang has further acknowledged that the platform’s achievements are attributed to the user’s invaluable support and contributions.

Nonetheless, through the partnership with Apple Pay, the platform has noted that “it aims to enhance the user experience, eliminate obstacles for those interested in participating in move-to-earn, and facilitate the mainstream adoption of the Web3 space.” Further, STEPN affirms that the integration will bring a huge impact on the web3 ecosystem at large. Notably, this is anticipated to be the commencement of numerous integrations.

STEPN Price Rally

Recently, STEPN launched the New Horizon Initiative as part of its ongoing efforts to give back to the community. Recipients of the STEPN Genesis footwear considered the scarcest NFT footwear available on the app, were granted an airdrop of approximately 80 million $GMT worth of FSL ecosystem tokens.

STEPN has recently partnered with Atlético Madrid to launch their inaugural co-branded footwear line that offers tangible advantages. In the latter part of 2022, STEPN collaborated with ASICS and Solana Pay to produce a highly successful limited-edition line of physical footwear.

It is possible that the integration of STEPN and Apple Pay could signal a new era of collaboration between the tech giant and the expanding industry. However, time will be the only factor here.

Source: TradingView.Com

STEPN’s native token has experienced a surge, rising over 2.8% in the last hour since the announcement. At the time of writing, STEPN was trading at 0.2854. This represents a 2.74% price increase in the last 25 hours and a 3.53% in the past seven days. With a circulating supply of 860 million GMT, STEPN is valued at a market cap of $248,279,823. According to CoinGecko, the trading volume of STEPN (GMT) is $121,952,526 in the last 24 hours, representing a 537.50% increase, signaling a recent rise in market activity.

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