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SQRL — Save $1 for every 1000 steps you take
SQRL helps users build a habit of walking 10k steps a day and save $1 for every 1000 steps they take. You fund your own savings from your checking account into your own savings account.
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Irfan Arif
While the is nicely designed, I'm not a fan of the concept. To be clear, the "$1 for each 1k step saved" comes from your own account. This is basically an app that automates moving money from your account to another. A lot of banks already offer this anyway through their e-banking platform. Why make it less predictable by basing it on your steps?
This is nothing like SWEATCOIN, or most of the other related products on the right for that matter.
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@vahen You're right in that it's nothing like sweatcoin. We aren't a crypto product. We don't use your device CPU to mine. Our aim is to connect steps as a metric of effort for your savings so you can build financial confidence and build a healthy habit. We also don't use a points system b/c we recognize it can be confusing to figure out how the points translate to a currency you use or a product you buy.
Hey! I've been using the app, it looks very intuitive and well designed and I wonder how it works, because with only 400 steps I have a potential savings of $0.41, that is money that I eventually can transfer to my bank account? Where that money comes from?
@cartur28 The app is free to download and our aim is for you to see how much you could be potentially saving if every 1,000 steps =$1 saved. When you are ready to make the savings real - you can upgrade the app with a one-time purchase of $4.99 to link your own checking account to fund your savings into a savings account of your choice. This way the money alway stays in your financial ecosystem.
Not what you think. Just save money automatically. Feels like you could end up saving less money, or take less steps because you are incentiving yourself with your own money and steps.
@designom84 love it! I'm always targeting that 10K steps a day - fun way to combine savings and stepping. 👌🏻
@ems_hodge Thank you! I hope you enjoy it and I welcome feedback to make it better!
I think maybe the ask or the 'real-deal' has to be made more clear.
First look (and like most others) I thought 1$ will be credited to my account for every 1000 steps.
Suggestion: You could tie up with brands and hit coupons for gamification. CRED's doing something similar in the cards space.
will you be paying users for walking? what if the users use a separate fitness tracker? the data will be synced?
@maxfromwork Users fund their own savings from their checking account into a savings account of their choice, you are effectively paying yourself. The data is synced with Google Fit for Android devices and Apple Health for iOS devices. So if you are wearing a wearable - say an Apple watch, SQRL does account for those steps - although we don't have a dedicated app for the wearables, yet.
App explains all of the benefits but no where mention that to get the money we need to be in USA or Canada. But users from all over the world will get premium account with no benefits at all.
Pros:App only operates in Canada and US
Cons:It still ask users in India to go premium even they are not going to get any benefits out of it.
@sarabs3 This is a great point. I'm sorry about the confusion this may have caused. We would love to provide this internationally, but right now as you mentioned we are limited to Canada and US. We will update our website and app to be clear about conveying this message and I certainly appreciate your interest in the app!
Wait, so the US walking is financed by the rest of the world? America first, I guess... Ew.
@raindropcatcher you finance your own savings. So once you upgrade you can move your funds from your own checking account into your own savings account. What I was mentioning above is we currently support U.S. and Canadian banks. We don't support banks internationally but we are excited of that folks are interested! I hope that helps to clear things up.
I am very disapointed. I walk over 15-20 km a day and would of loved to try this.
Pros:money making
Cons:only availble in usa.
Love that my walking pays me !
The phrase ‘get 2 birds with a stone’ fits perfectly well !
Get fit and see rewards at the same time!
Great design of app !!
@saxon_brooker We aren't a crypto product. We don't use your device CPU to mine data. Our aim is to connect steps as a metric of effort for your savings so you can build financial confidence and build a healthy habit. We also don't use a points system b/c we recognize it can be confusing to figure out how the points translate to a currency you use or a product you buy.