SNEAK PEEK
- Leading fiat-crypto payment solutions provider, Alchemy Pay and the web3 app, STEPN, have announced their collaboration.
- STEPN’s GMT token can be used on Alchemy Pay’s hybrid fiat-crypto payment system.
- GMT can now be spent by users around the world in multiple scenarios.
Alchemy Pay and STEPN have come together for the announcement of their collaboration. STEPN’s GMT token is now supported for use on Pay’s hybrid fiat-crypto payment system. In 70 plus countries, the token can be spent at over 2 million partners both online and offline.
STEPN is a web3 lifestyle app with inbuilt Game-Fi and Social-Fi elements. STEPN is the first project to bring a functioning move and earn concept to life. It is built around a necessary regular activity of movement and exercise. Users can implement the use of NFTs in the form of running shoes and can earn token and NFT wards via jogging, walking or running.
John Tan, CEO at Alchemy Pay, said:
We are focused on supporting the global adoption of innovative projects like STEPN that promote positive new possibilities for people around the world. By integrating their GMT token we are enabling holders and STEPN users to benefit from real-world spending.
Shiti Rastogi Manghani, Chief Revenue Officer at STEPN, said:
We are delighted that Alchemy Pay is now giving our users the ability to spend their GMT tokens in multiple real-world situations. Now that our web3 app has this new dimension we expect to see major growth of our community and ecosystem.
Users can send GMT worldwide in a number of scenarios upon becoming usable on Alechemy Pay’s evolving payment network.
Hybrid crypto-fiat payment of Alchemy Pay allows the merchant partners to accept cryptocurrencies at a relatively low cost along with easy conversion into local fiat currency. Both merchants and businesses can accept fiat payments through credit cards, debit cards and e-wallets. Alchemy Pay’s network is supported by its incentivising utility token, ACH, an ERC20 token.
In the last six months, a number of popular cryptocurrencies have been integrated by Alchemy Pay on its global crypto-fiat network, consisting of AVAX, MATIC, ALGO, TRX and VET.
