STEPN’s FSL Drops GMT Pay—Turning Crypto into Real-World Spending Firepower

Move-to-earn pioneers just hacked the payments game. FSL—the brains behind STEPN—unleashes GMT Pay, a crypto-to-fiat rail that bypasses Visa/Mastercard’s stranglehold. Spend your tokens at any merchant, no legacy finance middlemen.

Bullish for utility, bearish for bankers: Suddenly that ’play money’ buys groceries. Watch traditional payment processors sweat as Web3 wallets go mainstream. Another brick in the wall of the old system crumbling—but hey, at least the bankers still have their golf memberships.

Users can now spend STEPN tokens easily

The goal behind this rollout is to enable users to spend their STEPN governance tokens (GMT) and game tokens (GGT) with all merchants that accept MasterCard. It allows users to spend the tokens without needing to go through crypto exchanges.

“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,” Yawn Rong, Co-Founder of FSL.

At the same time, the GMT card is available to users worldwide. While FSL notes that certain restrictions may apply, the card should generally be accessible globally.

“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,” Shiti Manghani, CEO of FSL, added.

STEPN is a walk-to-earn app with 5.7 million registered users, giving rewards whenever users engage in physical activity like walking and running.