There seems to be an interesting correlation between issuing a new current to people who want to get fit. A new application on for iOS will pay people in Sweatcoin, depending on a number of steps they have taken every day.
Is Sweatcoin the Bitcoin for Fitness?
It is not the first time an initiative is launched by issuing a new digital currency to reward users who want to get fit. Sweatcoin is the latest one in this growing line, though, and the app makers will reward users for taking steps every day. Although walking around may not sound like much to people looking to get fit, it is an important first step towards a healthier lifestyle.
Measuring the movement and location by users to prevent cheating is of the utmost importance for Sweatcoin. At the same time, the solution makes use of the technology powering the Bitcoin protocol to handle payments According to the Reuters article, retailers, health insurers, and corporate wellness managers have taken notice of these health initiatives.
But there is more to Sweatcoin, as London-based Russian entrepreneur Oleg Fomenko stated how the value if this new digital currency will be tied to the British pound at some point in the