Bitget Wallet & Mastercard: Crypto Payment Card for All

Bitget Wallet has partnered with Mastercard and its licensed issuer, Immersve, to introduce a new crypto card designed to simplify digital currency transactions. The crypto card, available through the Bitget Wallet app, allows users to make real-time payments by converting cryptocurrency into fiat currency. With this new offering, Bitget Wallet is bringing digital currencies closer to the mainstream.

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A Step Toward Mainstream Adoption through Bitget Wallet

The new crypto card will support real-time payments through on-chain swaps and deposit features. Users can make purchases at over 150 merchants globally that accept Mastercard payments. This feature will enable seamless crypto-to-fiat transactions, removing barriers for users wanting to spend digital currency in daily life. Initially, the cards will be available in the United Kingdom and the European Union, with plans for expansion into Latin America, Australia, and New Zealand.

Digital Payments Reinvented

Mastercard has long been a leader in digital payments, and now, in collaboration with Bitget Wallet, the company is incorporating cryptocurrency into its vast global network. The integration aims to make crypto payments as easy and secure as traditional financial transactions. Through the “Digital First” service, users can apply for a digital card and have it ready for use in minutes.

Immersive’s Role: Ensuring Secure Transactions

The crypto card is issued by Immersve, a Mastercard-licensed issuer. Immersive’s technology ensures all transactions are settled on-chain, directly converting cryptocurrency into fiat. This conversion process complies with regulatory standards, including Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) rules. These regulatory measures ensure that every transaction is secure and meets international legal standards.

The Demand for Crypto Payments

According to Jamie Elkaleh, CMO at Bitget Wallet, there is a growing demand for real-world crypto utility. With this new partnership, Bitget Wallet aims to make crypto payments just as simple and secure as traditional transactions.

Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, shares Elkaleh’s sentiment. Abrahams noted that digital wallets are quickly becoming the norm, much like email addresses, and Mastercard is committed to expanding crypto payment options for users worldwide.

Extra Benefits for Cardholders

The new crypto card comes with several benefits that enhance the user experience. Along with seamless payments, cardholders can enjoy cashback rewards, earnings on unused funds in their wallets, and welcome bonuses after KYC verification.

The global usability of the card ensures that users can use their cryptocurrency for shopping and travel around the world. These added perks are designed to make the crypto payment experience more rewarding for users.

Expanding Global Reach

While the crypto card is initially launching in the UK and EU, Bitget Wallet and its partners are already planning for further expansion. Future releases are expected in regions like Latin America, Australia, and New Zealand.

This global expansion aims to make crypto payments more accessible to users across different parts of the world. As crypto adoption grows, this initiative could mark a significant step towards widespread integration of digital currencies into daily transactions.

Industry Leaders Discuss the Partnership

Industry leaders have praised the partnership for its potential to drive the adoption of digital currencies. Jerome Faury, CEO of Immersve, said,

“We are building real tools that connect virtual currency with everyday life. This card is one big step in that direction”.

Mastercard’s Abrahams echoed these sentiments, highlighting the importance of working with innovative companies like Bitget Wallet to ensure secure, scalable, and simple crypto transactions for everyone.

“We’re committed to working with innovative companies like Bitget Wallet and Immersve to make crypto transactions simple, secure, and accessible at scale

Mastercard’s Commitment to Digital Payments

Mastercard has been a leader in digital payment solutions, connecting millions of businesses and individuals globally. The company has consistently worked toward making digital payments easy, secure, and accessible.

By partnering with top cryptocurrency companies like Bitget Wallet and Immersve, Mastercard aims to strengthen its commitment to integrating digital currencies into the mainstream financial ecosystem. The partnership ensures that digital assets can be used for everyday purchases in a way that is both safe and efficient.

Conclusion

The partnership between Bitget Wallet, Mastercard, and Immersve represents a major leap in the acceptance and integration of cryptocurrency for everyday transactions. With secure, fee-less crypto payments and the global reach of Mastercard’s network, the new crypto card could pave the way for a broader adoption of digital currencies in the real world. As the service expands into more regions, it may become a vital tool for cryptocurrency users seeking seamless and practical payment options.

Summary

Bitget Wallet has partnered with Mastercard and Immersve to launch a new crypto card. The card allows seamless payments with digital currencies at over 150 merchants. It supports real-time crypto-to-fiat conversions.

Initially available in the UK and EU, it offers benefits like cashback, rewards, and global usage. The card ensures secure and compliant transactions. This partnership aims to make crypto payments as easy as traditional methods. Expansion plans include Latin America, Australia, and New Zealand.