Nokia and Bitwalking Team Up in Digital Currency Fundraising Event for Charity

Walkathons ar a well-liked thanks to raise funds for charities. Today, at the Nokia Futurecom conference in Brazil, Nokia is partnering with Bitwalking, the Walking greenbacks (W$) digital currency app, to launch its initial charity fundraising event in São Paulo from Gregorian calendar month 17-20. Walkers can use the app to boost cash for an academic project sponsored by Nokia in geographic region.

The idea behind Bitwalking is to encourage folks to stay healthy by walking and obtain rewarded with Walking greenbacks for his or her efforts. For over a year, the Bitwalking robot app has been undergoing personal testing in many locations round the world. rather than exploitation computers to mine as different digital currencies do, Bitwalking Walking greenbacks ar well-mined through the easy act of walking; the a lot of an individual walks, the a lot of they earn. The app is ready to verify users’ steps employing a handset’s GPS position via a Wi-Fi or knowledge association.

Despite the very fact that the mobile app has solely recently become accessible to the overall public, consistent with the Bitwalking team there are about fifty thousand downloads on Google Play. Bitwalking recently debuted their Bitwalking Events Platform, an occasion dashboard providing real time analytics and progress updates for participants all told Bitwalking events, together with the Nokia-Bitwalking Walk for Cause.

Futurecom, the most important telecommunication, IT and web trade honest in geographic region, is anticipated to draw in fourteen,000 guests. throughout the four-day event, users across geographic region can have the choice to opt-in for the walking event through the Bitwalking app. consistent with the Bitwalking team, 1W$ is earned  once about fifteen,000 steps. ligature the worth of a W$ to the USD for each 1W$ raised, Nokia can give $1USD for an academic project in geographic region that gives computers and (Android OS) Keepod devices to students within the region.

For Nisan Bahar and Franky Imbesi, founders of Bitwalking, Nokia’s call to partner with them is a very important vote of confidence for Bitwalking and digital currencies.

“Nokia was the quickest player in their class to acknowledge the chance and place it in action,” Bahar told Bitcoin Magazine.

Diana Coll, head of selling and Communications for Nokia, geographic region, aforementioned that the Nokia-Bitwalking Walk for Cause event at Futurecom was vital to assist expand the human potentialities of the connected world, which Bitwalking’s platform was a natural match.

“We need to create, style and deploy technologies that build a true distinction to people’s lives, and to require responsibility for the impact we will build within the world,” Coll aforementioned to Bitcoin Magazine. “Through this initiative we are going to be able to amendment the lives of many kids simply by combining technology and a daily activity for a cause.”

Fitness-Tracking Trends

Taking advantage of the fitness pursuit trend of work personal walking stats, Bitwalking has value-added an additional incentive to stay match with positive implications on personal health and also the atmosphere. it's additionally hoped that the app can get a lot of folks curious about digital currencies.

“By design, digital currencies aren't accessible to all or any,” aforementioned Imbesi. “The digital currencies’ potential is obtaining lost within the hands of a restricted quantity of individuals and organizations that don’t very care concerning anyone besides themselves and their want to maximise profits.”

“We don't have any doubt [this effort to popularize the technology] can facilitate U.S. to form a positive impact within the education of youngsters from low-income families in geographic region,” aforementioned Coll.

After receiving feedback since the launch of the campaign earlier this month, Coll believes that the Nokia-Bitwalking event can attract an outsized range participants which, through the utilization of platforms like Bitwalking, digital currencies can become easier for folks to access.

The Bitwalking Store

Any Walking greenbacks generated is spent with third-party partners at the Bitwalking Store, once it's up and running. Eventually, walkers can have the power to trade with different W$ users. At present, the shop partners embrace Spotify Premium, Netflix, Tidal, and Mubi. consistent with Bahar, a lot of partners and merchandise classes are value-added to the list.

Extra financial gain

Previous startups that tried to try and do a similar issue unsuccessful just because they were unable to live movement properly to forestall scammers from cheating the system. Bahar and Imbesi, though, believe that they currently have a system that works.

Motivating Bahar and Imbesi is that the goal to form Bitwalking straightforward to use, specializing in the construct that “a step is well worth the same worth for everybody — in spite of United Nations agency you're or wherever you're.”

With 1W$ valued at $1USD, a really smart walker are able to do that on a day to day, says Bahar.

“That quantity may be your daily cup of occasional partly of the planet, or a thirty % increase in your earnings or defrayal capability in others,” he said.

At the point, W$ will solely be spent within the Bitwalking Store. a lot of details on the Bitwalking marketplace are disclosed because the app develops.




source : https://bitcoinmagazine.com