STEPN (GMT) price has taken to the skies today after the STEPN team announced that they had successfully integrated Apple Pay into the platform.
STEPN, a leading Web3 move and earn application, follows a dual-token model with a utility token called GST and a governance token called GMT, which is also tradable on the secondary market. The GST token has an unlimited supply it is earned when a user/member makes movements. It has several burn mechanisms to avoid inflation; for example, it is used to mint or repair sneakers, level up sneakers, and upgrade gems. The GMT token on the other hand is earned after users level up their sneakers to level 30.
At press time, the price of STEPN (GMT) was $0.2922, after a 7.90% surge in the last 24 hours.
Buying STEPN products and upgrades using Apple Pay: Following the integration, STEPN has become the first blockchain gaming application to integrate Apple Pay. The move will allow users to leverage Apple Pay’s simplicity, speed, and security when purchasing STEPN products and upgrades directly on the STEPN app. It will eliminate the need for connecting a separate cryptocurrency wallet thus streamlining the payment process and making it easier for the STEPN community members.
In a statement announcing the integration, Yawn Rong, the co-founder of Find Satoshi Lab (FSL), the Web3 development studio behind STEP said:
“This integration opens us up to a whole new audience, making Web3 more accessible to the masses. It bridges the gap between Web2 and Web3 technologies in an unprecedented way. We believe this is a momentous step towards onboarding the next 100 million users to Web3 technology. With our experienced team, we are confident in our ability to make this a reality, as we have already scaled from thousands to millions of active users. We extend our sincere gratitude to Apple for their support.”
STEPN is a pioneer in the move and earn apps and its Apple Pay integration is a major milestone as the team works on making Web3 technology accessible to all.