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Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
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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 Women in Fitness Association (WIFA), is partnering with Sport Alliance to undertake a survey ...
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Location and cost are the top considerations for consumers when it comes to choosing a ...
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Increases in COVID-19 cases across Europe are forcing governments to introduce restrictions, which is having ...
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Exercise has been found to increase levels of endocannabinoids – cannabis-like substances produced by the ...
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People suffering from mild depression should be offered exercise, mindfulness, therapy or meditation before medication, ...
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Featured supplier news
Featured supplier news: Hammer Strength just got stronger: Introducing the new HD Performance Trainers
Hammer Strength, the number one brand in performance strength training, is adding to its portfolio of industry-leading machines with the launch of its new anaerobic training line, HD Performance Trainers.
Featured supplier news
Featured supplier news: 1Rebel enlists FunXtion to elevate its revolutionary, customer-driven RIG concept
A partnership with FunXtion and its MultiScreen Solution software has allowed 1Rebel to enhance its in-club experience to a much more connected and engaged level.
Featured operator news
Featured operator news: Sporting heroes to officially open £22 million redevelopment at Everyone Active centre
A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
Featured operator news
Featured operator news: Everyone Active successfully reopens exercise referral scheme thanks to EXi partnership
Local authority leisure provider Everyone Active has reopened its essential exercise referral scheme, by joining forces with EXi, the NHS-approved exercise prescription app and data portal.
Company profiles
Company profile: Proinsight Mystery Shopping
We take time at the outset to understand your unique customer journey. Then we work ...
Company profiles
Company profile: FunXtion International BV
With our digital member solutions, branded app and branded virtual classes your clients can now ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Matrix Fitness: Exercise equipment
Architects/designers
Zynk Design Consultants: Architects/designers
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Management software
Premier Software Solutions: Management software
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Skincare
Sothys: Skincare
Wearable technology solutions
MyZone: Wearable technology solutions
Salt therapy products
Himalayan Source: Salt therapy products
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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