1. “The Crypto Wallet Project” – a mobile app designed to make it easy for users to purchase, store, and spend various cryptocurrencies with user-friendly interface and integrated security features. This project addresses the issue of user-friendliness and security, which are the major obstacles for crypto adoption.
2. “Crypto Education Initiative” – a project that aims to educate the community about cryptocurrencies by providing easily accessible and comprehensive online courses, seminars, and workshops for beginners, intermediate, and advanced learners. This project addresses the issue of lack of awareness and knowledge about cryptocurrencies, which prevent many people from adopting them.
3. “Merchant Adoption Program” – a project that encourages merchants to accept cryptocurrencies as payment by providing them with user-friendly payment systems, incentives, and support. This project addresses the issue of limited acceptance of cryptocurrencies as payment, despite their advantages over traditional payment methods. By promoting the use of crypto in daily transactions, it can help increase its adoption among mainstream users.
The Growing Integration of Crypto with Popular Apps
As time goes by, more and more people in the world are becoming connected to the internet. You would be hard-pressed to find anyone in the developed world who doesn’t use it daily. The rise and integration of cryptocurrencies, on the other hand, are still in their early stages. However, just like the internet, we will likely see cryptocurrencies become an everyday aspect of our lives soon.
It took a while for the internet to reach its current level of ubiquity, with its scalability, ease of use, and privacy concerns holding it back initially. Crypto is facing similar issues, but some emerging projects, like Sweat Economy and Gari Network, are starting to change that.
Sweat Economy, a fitness app creator, has introduced a revolutionary change that could transform crypto adoption. Its popular Sweatcoin app has been motivating users to stay fit by regularly walking, jogging, or running since 2014. Last year, it introduced its own cryptocurrency, SWEAT, and a digital wallet that pays people to exercise. When users link the app to their smartphone’s GPS system, they are incentivized to move, and they are paid in SWEAT tokens for every step they take. Users can swap their tokens for other cryptocurrencies like Bitcoin or USD coin, or use them to buy various products and services from Sweat Economy’s partners. The app is quietly building a massive ecosystem around the idea of “move-to-earn” while introducing millions of its existing users to crypto for the first time.
Gari Network is another popular service that’s integrating with crypto. Often described as India’s TikTok clone, Gari is a social network that has benefited immensely from the ban on TikTok in India in 2020, with millions of former TikTok users migrating to it. It has introduced its cryptocurrency, GARI, which users can earn by creating, watching, sharing, and commenting on videos. Users can tip other users or subscribe to watch exclusive content from their favorite creators using their crypto. Selling merchandise through Gari using GARI as the in-app currency is also possible. Gari has a 140 million-strong user base and has already boasted almost 800,000 GARI wallet users within just five months of introducing GARI.
Both Sweat Economy and Gari Network are excellent examples of how crypto can incentivize popular activities and make them more accessible to people. Their integration with cryptocurrency is slowly but surely educating people about the uses and benefits of crypto. Just like the internet, crypto is poised to become part of our everyday lives, thanks to these innovative projects.