Bitget Wallet has teamed up with payments leader Mastercard and infrastructure provider Immersve to launch a new crypto-linked card that allows users to make payments directly from their digital wallets at the more than 150 million merchants that accept Mastercard globally. The product aims to drive ease of use and efficiency in the crypto card space.
The card is made available on the Bitget Wallet app for the users to fund it in real-time via Onchain swaps and deposits. By virtue of Mastercard Digital First, one can apply for the card all digitally and, within minutes, have it loaded onto a mobile wallet for myriad uses-at both physical and online merchant outlets.
Details on this partnership and launch
Immersve, a Mastercard-licensed issuer, powers the operations of the card; transactions are settled onchain by way of conversion of crypto to fiat while conforming to Mastercard’s legal frame, including KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements. Launch plans for the card being in the UK and European Union, with Latin America, Australia, and New Zealand likely to follow in the subsequent months.
The launch is amidst pronounced attention of late on pragmatic crypto use cases and the attempts of the payments ecosystem to bring blockchain-enabled solutions into the financial mainstream. Bitget Wallet, with over 80 million users worldwide, is positioning the card as a means to take self-custodied assets off the blockchain and into commerce in the real world. The product also includes optional incentives such as transaction-based rewards, yield on idle balances in wallet, and one-time bonuses for completing identity verification.
What officials are sying…
“Crypto payments should be as seamless and secure as traditional transactions. With this partnership, Bitget Wallet users can now pay with crypto anywhere Mastercard is accepted,” said Jamie Elkaleh, CMO at Bitget Wallet. “We’re seeing massive demand for real-world crypto utility, and this collaboration with Mastercard and Immersve provides the infrastructure to make that vision a reality.”
“Digital wallets are quickly becoming as ubiquitous as email addresses. At Mastercard, we’re committed to working with innovative companies like Bitget Wallet and Immersve to make crypto transactions simple, secure, and accessible at scale.,” said Scott Abrahams executive vice president, Global Partnerships at Mastercard. “This is a critical step in bringing digital assets closer to mainstream utility.”
“Partnering with forward-thinking teams like Mastercard and Bitget Wallet is exactly how we scale real-world crypto use,” said Jerome Faury, CEO of Immersve. “We’re bridging the gap between Web3 and traditional finance, allowing users to spend crypto as easily as they spend fiat—on a global scale.”
For more information on how Bitget Wallet is enabling seamless crypto payments, visit Bitget Wallet website web3.bitget.com and blog.
Dipayan Mitra
Dipayan is a full-time journalist and editor working in the Web3 domain. He has over 4 years of experience in the media industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. Technical analysis and assessing market trends is what he specializes in. His work has been featured on popular crypto platforms like AMBCrypto.
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