'SQRL' Automatically Saves Money Based on How Many Steps You Take
Michael Hemsworth — February 11, 2019 — Tech
Two of the most difficult tasks for many consumers can be saving money and getting enough exercise each day, which the 'SQRL' app aims to make easier across the board.
The app works by tracking the movements of the user and saving $1 for every 1,000 steps that they take; this works to create a beneficial relationship between saving and exercising for users to have fun with. This incorporation of a gamified experience helps users to make money savings and exercise one and the same to accelerate their capabilities in a healthy manner.
The 'SQRL' app can work virtually and then be linked up with your bank account to actually start the savings process when users are ready. The funds are always kept within the users' own financial ecosystem to ensure they can access them, if required.
The app works by tracking the movements of the user and saving $1 for every 1,000 steps that they take; this works to create a beneficial relationship between saving and exercising for users to have fun with. This incorporation of a gamified experience helps users to make money savings and exercise one and the same to accelerate their capabilities in a healthy manner.
The 'SQRL' app can work virtually and then be linked up with your bank account to actually start the savings process when users are ready. The funds are always kept within the users' own financial ecosystem to ensure they can access them, if required.
Trend Themes
1. Gamified Saving - The 'SQRL' app combines gamification and saving to create a fun and engaging way for users to save money while exercising.
2. Fitness Tracking - The 'SQRL' app tracks users' movements and converts steps into savings, motivating users to stay active and reach their financial goals.
3. Digital Banking Integration - The 'SQRL' app seamlessly integrates with users' bank accounts, allowing them to easily initiate the savings process and access their funds when needed.
Industry Implications
1. Personal Finance - The 'SQRL' app disrupts the personal finance industry by combining saving and exercise into a single, interactive experience.
2. Fitness Technology - The 'SQRL' app introduces a new way of incentivizing fitness through savings, potentially disrupting the fitness technology industry.
3. Mobile Banking - The 'SQRL' app revolutionizes the mobile banking industry by integrating saving goals with users' daily activities and providing a gamified approach to money management.
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