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STEPN Secures Landmark Integration With Apple, GMT Price Explodes Over 8%


coingape.com 22 May 2023 15:10, UTC
Reading time: ~2 m

Crypto News: In a bid to enhance accessibility and broaden its user base, the Web3 Move-to-Earn (M2E) game STEPN has announced its integration of Apple Pay as a fiat onramp for in-app purchases. The Australia-based company aims to eliminate the need for users to exit the app and utilize external marketplaces for buying and selling Stepn’s digital assets. This development comes shortly after Axie Infinity, another prominent play-to-earn gaming app, announced its availability on Apple’s App Store, suggesting a potential shift in Apple’s stance towards blockchain-based mobile games.

Stepn Secures Apple Integration

With the implementation of Apple Pay as a seamless payment solution, STEPN aims to eliminate the hurdles users face when engaging in the buying and selling of digital assets. This integration offers greater ease of use, allowing users to utilize their traditional debit and credit cards linked to Apple Pay. By simplifying the transaction process, STEPN anticipates a more engaging and accessible experience for its growing user base.

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Additionally, STEPN has unveiled a new feature called the “Badges & Achievement system” exclusively for iOS users. This enhancement further enhances the gaming experience, offering incentives and rewards to users as they progress through the game. While speaking about the new development, Yawn Rong, co-founder of Find Satoshi Lab (FSL) — the Web3 development studio behind STEPN — was quoted as saying:

We believe this is a momentous step towards onboarding the next 100 million users to Web3 technology.

STEPN Hopes Renewed Interest

Historically, Apple’s policies surrounding in-game asset transactions have been viewed as unfriendly by some industry players. Notably, the tech giant’s requirement for app developers to share 30% of transaction revenues has sparked controversy. However, with the recent approval of blockchain gaming apps on the App Store, market speculators are predicting a resurgence of interest in the once-popular M2E app, STEPN.

The monthly active user count for the blockchain app had seen a significant decline after reaching over 700,000 users in May 2022. According to the latest on-chain analysis, the present number now stands much lower at approximately 23,000. Nevertheless — with Apple’s coveted approval — the anticipation of a renewed user base and increased engagement has caused a surge in the price of STEPN’s native cryptocurrency, GMT.

In the wake of this crypto news, the price of STEPN’s GMT token has spiked over 8% within the past few minutes. As things currently stand, the GMT token is exchanging hands at $0.291, representing a gain of 2.19% over the past 24 hours.

Also Read: BitMEX Launches Dedicated App For Hong Kong Users

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