FSL, the Web3 development studio behind the popular lifestyle app STEPN, has launched GMT Pay, a new payment solution designed to help users convert their crypto earnings into everyday purchases. According to Chainwire, the platform allows users who earn GMT and GGT tokens through STEPN and STEPN GO to spend their rewards in the real world seamlessly.
Building on its Web3 innovation, FSL sees GMT Pay as a major step toward linking the decentralized economy with traditional finance. Co-founder Yawn Rong highlighted the significance of this development, noting that three years ago, the idea of a Web3 payment app seemed distant.
“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,”
he said.
Echoing this sentiment, FSL CEO Shiti Manghani emphasized that GMT Pay is designed to make crypto spending practical and accessible, enabling users to integrate their Web3 earnings into everyday life.
Central to the offering is the GMT Pay Gift Card, a virtual Mastercard available in denominations ranging from $50 to $300. Powered by Mastercard and compatible with Apple Pay and Google Pay, the card allows users to make purchases at millions of merchants globally, from online giants like Amazon and Spotify to local cafés and stores.
GMT Pay has been made widely available, although some regional restrictions may apply. FSL aims to simplify crypto usage through this launch and push Web3 adoption beyond digital platforms. Users can now download the app and turn fitness-driven crypto rewards into real-world spending.
Meanwhile, Toobit has announced plans to integrate its futures trading services with TradingView in a related development within the crypto space. This collaboration will enhance Toobit’s functionality by combining real-time futures trading with TradingView’s advanced charting tools, offering users a seamless and comprehensive trading experience.
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