Crypto wallet Bitget partners with Immersve to unveil a zero-fee USD cryptocurrency card
The Bitget Wallet, a digital asset management platform, has launched a new USD-based crypto payment card in partnership with Immersve and Mastercard Digital First. This innovative card aims to simplify the process of spending cryptocurrency in everyday transactions.
Key Features and Benefits
The Bitget Wallet Card offers several standout features:
- Zero-fee Mastercard Crypto Card: Users can top up their cards using USDC stablecoins with no top-up fees and no transaction fees on USD payments.
- Instant Crypto-to-Fiat Conversion: The card enables direct spending in USD from users' crypto wallets without the need for local bank conversions, making it ideal for stablecoin holders looking to hedge against local currency volatility.
- Global Acceptance: The card is accepted at over 150 million merchants worldwide that accept Mastercard payments, providing extensive real-world use cases across international payments, online shopping, and travel.
- Integration with Apple Pay and Google Pay: For convenient digital payments using mobile wallets.
- Fully Digital Instant Issuance: Users can get the card immediately within the Bitget Wallet app without physical card delays, thanks to Mastercard Digital First technology.
- Yield on Idle Balances: Users can earn up to 10% annual yield on funds held in the wallet, combining spending flexibility with passive income potential.
- Potential Alternative to Traditional Bank Cards: Positioned as a potential alternative to traditional bank cards for stablecoin users, the card simplifies everyday crypto spending in USD while reducing reliance on local fiat systems.
Expansion Plans
The Bitget Wallet Card is already live in the UK and 30 European Economic Area (EEA) countries, with planned expansion to Argentina, Mexico, Colombia, Chile, Peru, and Guatemala in the coming months. Asia-Pacific rollouts are also planned for later this year.
After launching the crypto card in Brazil, Bitget Wallet plans to strategically expand into Guatemala, Peru, Chile, Colombia, Mexico, and Argentina.
Addressing User Needs
The Bitget Wallet Card addresses the needs of stablecoin users, with 38% citing long-term value growth as a reason to pay with crypto. The card also caters to users who prioritise transaction speed, with 47% identifying it as a top driver for crypto payments.
The card allows users to store, earn, and spend USDC directly from their self-custodial wallet with zero fees on USD transactions and top-ups. It provides a hedge against inflation for stablecoin holders, offering an alternative to conventional bank cards with compatibility with Google Pay and Apple Pay without fees.
In summary, the Bitget Wallet Card offers a versatile, cost-effective solution for stablecoin users to spend crypto in USD worldwide with instant issuance, zero fees, and the added benefit of earning yield on wallet balances — bridging the gap between crypto holdings and real-world payments on the Mastercard network.
- The Bitget Wallet Card, a product of the Bitget Wallet, is a zero-fee Mastercard Crypto Card that allows users to top up using USDC stablecoins and spend USD without transaction fees.
- The card's instant crypto-to-fiat conversion feature allows users to spend cryptocurrency directly from their wallets in USD, bypassing local bank conversions, making it particularly beneficial for stablecoin holders.
- Integration with Apple Pay and Google Pay services provides convenient digital payment options for users, while the card's global acceptance ensures it can be used at over 150 million merchants worldwide.
- The Bitget Wallet aims to expand its services to various countries, including Argentina, Mexico, Colombia, Chile, Peru, Guatemala, and Asia-Pacific regions later this year.
- The Bitget Wallet Card targets stablecoin users, addressing their needs for long-term value growth and fast transactions, while offering benefits such as earning yield on idle balances, compatibility with Google Pay and Apple Pay, and serving as a potential alternative to traditional bank cards.
