Bitget Wallet, a non-custodial wallet, recently announced a partnership with the universal crypto payment gateway, Paydify. This integration marks Paydify’s first wallet integration partner, enabling merchants to accept stablecoin payments from Bitget Wallet users. Specifically, users can now pay with Tether (USDT) and USD Coin (USDC) at select online and physical merchants through Paydify’s infrastructure.
The current market cap for USDT is $148.7 million, while USDC stands at $61.49 billion. Merchants who accept payments through this integration will receive instant settlement in stablecoins without the need to manage blockchain-specific setups. Bitget Wallet aims to support over 10,000 merchants globally and is waiving settlement fees for businesses that sign up during the pilot period. Additionally, these businesses will receive early access to upcoming features.
During the pilot phase, the team recorded thousands of transactions, indicating a positive response to the integration. Bitget Wallet plans to expand its services globally across various industries, including retail, travel, hospitality, gaming, and e-commerce. The company also aims to increase token support and compatibility with additional wallets to facilitate payments in any token on any chain.
The integration with Paydify seeks to streamline crypto payment infrastructure and promote the practical use of digital assets in everyday settings. Bitget Wallet’s COO, Alvin Kan, expressed the goal of making crypto more usable for everyday needs by reducing the complexity that merchants face. Pakning Luk, Director of Strategy at Paydify, emphasized the importance of offering a seamless and reliable framework for digital asset payments that meets the needs of both users and businesses.
Paydify addresses the fragmentation of crypto payments by enabling businesses to accept crypto from any wallet without custom integration. The platform also offers instant settlement and minimizes onboarding complexity. The partnership with Bitget Wallet aligns with Paydify’s goal to make crypto payments as easy as mainstream payment methods.
Bitget Wallet is one of the first major wallets to implement a stablecoin payment use case at the point of sale. With over 60 million users, support for more than 130 blockchains, 20,000 dapps, and a million tokens, the wallet is backed by a $300 million user protection fund. Its suite of services includes swaps, market insights, staking, rewards, a dapp browser, and crypto payment solutions, enabling seamless multi-chain trading across hundreds of DEXs and cross-chain bridges.
In conclusion, the partnership between Bitget Wallet and Paydify aims to expand everyday USDT and USDC payments, making crypto more accessible and usable in real-world scenarios. This collaboration signifies a step towards widespread adoption of digital assets in mainstream commerce.