Bitget Wallet Integrates with Paydify for Stablecoin Payments
Bitget Wallet has made a significant move by becoming the first digital wallet to integrate with Paydify, allowing users to make stablecoin payments at select physical and online merchants.
The partnership between Bitget Wallet and Paydify enables merchants to accept stablecoin payments from users through the Paydify platform. Users can now make payments using Tether (USDT) and USD Coin (USDC) at specific physical and online merchants, with instant settlement in stablecoins for the merchants.
During the testing phase, the integration has successfully processed thousands of transactions, with plans to onboard more than 10,000 merchants globally. This expansion will allow users to make stablecoin payments across various industries such as retail, travel, hospitality, gaming, and e-commerce.
Bitget Wallet’s broader payment finance strategy aims to enhance crypto’s utility beyond just a store of value to a financial tool for everyday payments, promoting mainstream adoption and accessibility.
Goals and Vision
COO of Bitget Wallet, Alvin Kan, expressed the partnership’s goal to facilitate crypto payments for a vast network of merchants worldwide in the coming years. Kan emphasized the significance of enabling stablecoin payments at the point of sale to drive widespread adoption of crypto.
“Our objective is to enhance the usability of crypto for everyday needs, and Paydify simplifies the complexities faced by merchants. Through the integration of an open payment layer, we are making strides towards achieving this goal,” said Kan.
According to Bitget Wallet’s recent report, limited merchant acceptance is a major hindrance for 31% of global users when it comes to using crypto. This partnership with Paydify aims to address this challenge by providing instant settlement and streamlining onboarding processes for merchants.
Seamless Digital Asset Payments
Director of Strategy at Paydify, Pakning Luk, highlighted the platform’s commitment to bridging the gap in crypto payments by offering seamless and reliable digital asset payment solutions that cater to the needs of both users and businesses.
“We believe crypto should function as seamlessly as any mainstream payment method. Our goal is to offer a smooth and dependable framework for digital asset payments that meets the evolving needs of users and businesses,” stated Luk.