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  • Generate Money By Walking With The Help Of Bitwalking

    Updated: Oct 26, 2024
    Views: 1.5K
    Most of us shun our daily fitness regime because we do not feel motivated to give the extra effort. Now though we have been given the one of the best incentives in the world for being fit and that is money. Bitwalking is a free app that sits on your smartphone and counts the steps you take every day. For around 10,000 steps you take, the app generates 1 BW$ (Bitwalking dollar). Bitwalking dollar is a new digital cryptocurrency that can either be used on the Bitwalking store to buy stuff or it can be redeemed for real cash. Bitwalking relies on the Go! app for Android and iOS. The pilot project for Bitwalking platform has begun in four countries, UK, Japan, Malawi, and Kenya. The test run will be open to a select group of individuals who have applied for an invite.

    Bitwalking 2

    You might have noticed that the Bitwalking is not just being tested in developed countries like UK and Japan but also in under-developed countries like Malawi and Kenya. In these countries where average rural wage is around $1.5, Bitwalking shall help people earn substantial amount of money when are walking long distances for work or study. To encourage the use of Bitwalking, the firm has established two Bitwalking hubs in Malawi where the locals can learn to use the app and redeem their BW$ into US dollars or Malawi Kwacha, the local currency. In developing countries such as Japan and UK people will be forced to abandon their cars for a healthier alternative that helps them earn money.

    Bitwalking 1

    It is not the first time that the concept of "cash for exercise" has been implemented. There have been attempts in the past but they have been plagued by scammers. It is very easy to fake accelerometer figures so the firm takes into account the handset's GPS position and Wi-Fi connections to calculate the distance travelled along with the accelerometer. At its launch the total steps redeemed per day will be limited at 30,000 steps or 3BW$ and people who run more than one account will be banned.

    Once the pilot project is complete, the team will work out the kinks and launch the app globally. It has partnered with Japanese electronics giant Murata to create a fitness band that can be worn by the user when he/she is not carrying a smartphone. They are also seeking cooperation from sportswear brands, health services, health insurance firms, environmental groups to help them improve the product for final use. To know more about Bitwalking, head over to <a href="https://www.bitwalking.com/" target="_blank" rel="nofollow noopener noreferrer">Generate money by walking | Bitwalking</a> and its coverage on <a href="https://www.bbc.com/news/technology-34872563" target="_blank" rel="nofollow noopener noreferrer">Bitwalking dollars: Digital currency pays people to walk - BBC News</a>.
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  • Ankita Katdare

    AdministratorNov 21, 2015

    Really interesting concept! These days the first thing that comes to mind after reading such news is - how will people start faking it. As it turns out, the idea as such isn't completely new. Several start-ups who develop apps have tried to find the correction equation between - keeping fit to earn rewards. However, most failed because they couldn't avoid scammers because of the lack of accuracy in measuring movements.

    It is very easy to fake accelerometer figures so the firm takes into account the handset's GPS position and Wi-Fi connections to calculate the distance travelled along with the accelerometer.
    ^ This is smart. BBC also reports that the team created its own walking algorithm to verify users' workouts to avoid steps being spoofed.

    Waiting for it to launch in India and test it. 😀 Who wouldn't appreciate extra money if it helps you stay fit? 😍
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  • Sharfudeen Mohamed Ibrahim

    MemberNov 22, 2015

    😐 Not for india? What's the rate of 1BW$ equivalent to $ or INR? What about BW marketplace? I didn't found any merchants who accepts BW. 😔
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