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JP Lennard
JP Lennard
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

features

People profiles: Nissan Bahar & Franky Imbesi

Co-founders, Bitwalking

Published in Health Club Management 2016 issue 2
Bahar and Imbesi are co-founders of the app that enables users to make money by walking
Bahar and Imbesi are co-founders of the app that enables users to make money by walking
In Malawi, the average rural wage is US$1.5 a day. Bitwalking could help transform lives

What is Bitwalking?
Put simply, Bitwalking enables users to generate money by walking.

How does it work?
The free app validates and converts steps to Bitwalking dollars (BW$) that you can manage and use as you wish. People earn about BW$1 for every 10,000 steps walked; the money you generate accumulates each day and remains in your account until transferred or spent.

We’ve created a central bank that verifies steps and oversees transfers. It uses the block chain method used to transfer other crypto-currencies such as Bitcoin. Bitwalking users have access to their own wallet that stores the dollars they’ve earned. They can then transfer these BW$ to other people via the app.

What can people buy with their BW$?
Users can spend their dollars at our in-app marketplace, which is filled with products – both tech and non-tech – with a wide price range. Users can complete a wish list to help us create a more personalised market.

Bitwalkers are also able to connect and use BW$ with our third party partners: online retailers, brands, charities and local governments that share our belief in an economy for all.

At launch, BW$1 is worth US$1. The global Bitwalking economy – including the physical human limit of how many BW$ a user can generate – will guide our valuation of the currency.

When did Bitwalking launch?
It launched in November 2015 to over 200,000 users at launch. People from all countries can request an invitation at bitwalking.com; our system prioritises countries with the most requests.

How will it pay for itself?
At this stage we’re focused on user experience and user growth, not monetisation of the scheme.

What most excites you about it?
The impact Bitwalking could have in developing countries is one of our main reasons for creating the currency. In Malawi, one of the African nations to join at the launch of the project, the average rural wage is just US$1.5 (£1) a day.

In developed nations, the average person would earn around BW$15 a month – roughly equating to a cup of coffee each week – but in poorer countries where people have to walk miles to work, school or simply to collect water, we believe Bitwalking could help transform people’s lives.

What’s next for Bitwalking?
We’ll continue to expand our global partnerships – online retailers, brands, charities and governments – but an equal priority will be bringing on board small local businesses to accept BW$ in-store.

Can you see a way for gyms to get involved?
We’ve been approached by many health clubs/gyms with different, exciting ways to collaborate and accept BW$. For example, accepting BW$ as partial payment for monthly dues, or accepting BW$ for a full day access.

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In Malawi, the average rural wage is US$1.5 a day. Bitwalking could help transform lives
In Malawi, the average rural wage is US$1.5 a day. Bitwalking could help transform lives
https://www.leisureopportunities.co.uk/images/364724_244824.jpg
Bitwalking: Now you can generate money – by simply walking
NISSAN BAHAR & FRANKY IMBESI, Co-founders, Bitwalking,Bitwalking, Nissan Bahar, Franky Imbesi
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features

People profiles: Nissan Bahar & Franky Imbesi

Co-founders, Bitwalking

Published in Health Club Management 2016 issue 2
Bahar and Imbesi are co-founders of the app that enables users to make money by walking
Bahar and Imbesi are co-founders of the app that enables users to make money by walking
In Malawi, the average rural wage is US$1.5 a day. Bitwalking could help transform lives

What is Bitwalking?
Put simply, Bitwalking enables users to generate money by walking.

How does it work?
The free app validates and converts steps to Bitwalking dollars (BW$) that you can manage and use as you wish. People earn about BW$1 for every 10,000 steps walked; the money you generate accumulates each day and remains in your account until transferred or spent.

We’ve created a central bank that verifies steps and oversees transfers. It uses the block chain method used to transfer other crypto-currencies such as Bitcoin. Bitwalking users have access to their own wallet that stores the dollars they’ve earned. They can then transfer these BW$ to other people via the app.

What can people buy with their BW$?
Users can spend their dollars at our in-app marketplace, which is filled with products – both tech and non-tech – with a wide price range. Users can complete a wish list to help us create a more personalised market.

Bitwalkers are also able to connect and use BW$ with our third party partners: online retailers, brands, charities and local governments that share our belief in an economy for all.

At launch, BW$1 is worth US$1. The global Bitwalking economy – including the physical human limit of how many BW$ a user can generate – will guide our valuation of the currency.

When did Bitwalking launch?
It launched in November 2015 to over 200,000 users at launch. People from all countries can request an invitation at bitwalking.com; our system prioritises countries with the most requests.

How will it pay for itself?
At this stage we’re focused on user experience and user growth, not monetisation of the scheme.

What most excites you about it?
The impact Bitwalking could have in developing countries is one of our main reasons for creating the currency. In Malawi, one of the African nations to join at the launch of the project, the average rural wage is just US$1.5 (£1) a day.

In developed nations, the average person would earn around BW$15 a month – roughly equating to a cup of coffee each week – but in poorer countries where people have to walk miles to work, school or simply to collect water, we believe Bitwalking could help transform people’s lives.

What’s next for Bitwalking?
We’ll continue to expand our global partnerships – online retailers, brands, charities and governments – but an equal priority will be bringing on board small local businesses to accept BW$ in-store.

Can you see a way for gyms to get involved?
We’ve been approached by many health clubs/gyms with different, exciting ways to collaborate and accept BW$. For example, accepting BW$ as partial payment for monthly dues, or accepting BW$ for a full day access.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
In Malawi, the average rural wage is US$1.5 a day. Bitwalking could help transform lives
In Malawi, the average rural wage is US$1.5 a day. Bitwalking could help transform lives
https://www.leisureopportunities.co.uk/images/364724_244824.jpg
Bitwalking: Now you can generate money – by simply walking
NISSAN BAHAR & FRANKY IMBESI, Co-founders, Bitwalking,Bitwalking, Nissan Bahar, Franky Imbesi
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The Leisure Database Company (TLDB) has revealed its State of the Fitness Industry Report UK ...
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The Gym Group’s (TGG) plans and profit forecasts were presented to analysts and investors during ...
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A new physical activity programme called Big Sister has been launched in the UK to ...
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Go Fit has been selected by the United Nations Economic Commission for Europe (UNECE) as ...
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Ness, a US startup that is developing a range of wellness-driven credit cards, has launched ...
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Featured supplier news
Featured supplier news: Core Health & Fitness launches Schwinn X and Z Bikes
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Featured operator news: Serco Leisure wins 10-year Mansfield contract
Following a competitive tendering process, Serco Leisure and its partner More Leisure Community Trust Limited (MLCT) have been awarded a 10-year contract by Mansfield District Council to operate three centres in the town, starting 1 May 2022.
Featured operator news
Featured operator news: Everyone Active to launch new exercise classes to reduce gender gap
As part of their work to break down the barriers that deter women and girls from participating in sport and physical activity, Everyone Active has teamed up with EMD UK to launch new exercise classes linked to the This Girl Can campaign.
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Mindbody, Inc
Sport Alliance GmbH
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
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Company profile: Jordan Fitness
Jordan Fitness are a recognised leader in functional fitness, specialising in premium quality yet value ...
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Company profile: Perfect Gym Solutions S.A.
Perfect Gym currently provides fitness software solutions to customers in 55+ countries, servicing more than ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Fitness equipment
A Panatta Sport Srl: Fitness equipment
trade associations
International SPA Association - iSPA: trade associations
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Spa software
SpaBooker: Spa software
Wearable technology solutions
MyZone: Wearable technology solutions
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
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Himalayan Source: Salt therapy products
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Premier Software Solutions: Management software
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Carmarthenshire County Council
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Diary dates
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The ICC, Birmingham, Birmingham , United Kingdom
Diary dates
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Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
Diary dates
25-28 Oct 2022
Messe Stuttgart, Germany
Diary dates
25-28 Oct 2022
Ibiza, Ibiza, Spain
Diary dates
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tbc, Dunedin, New Zealand
Diary dates
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