Bitget Wallet Collaborates with Mastercard to Launch Fee-less Crypto Cards
Bitget Wallet has announced a partnership with Mastercard and its licensed-issuer Immersve to introduce new crypto cards that enable fee-less payments directly from the digital wallet. The collaboration aims to enhance the utility of digital assets in everyday transactions.
Real-Time Payments and Global Acceptance
The newly launched crypto cards can be accessed through the Bitget Wallet app and support real-time payments through on-chain swaps and deposit functionalities. Users can conveniently make payments at over 150 merchants worldwide that accept Mastercard payments directly from their digital wallets.
The initial rollout of the crypto cards will begin in select regions, starting with the United Kingdom and the European Union. Plans are in place to expand the availability of the cards to regions in Latin America, Australia, and New Zealand in the coming months.
Instant Digital Card Application
Utilizing Mastercard’s “Digital First” feature, users can apply for digital cards and receive them within minutes. Once approved, the cards will be seamlessly integrated into their mobile wallets, ready for use at both physical and online stores.
Secure On-Chain Transactions
Transactions facilitated by the Mastercard-licensed issuer, Immersve, are settled on-chain by converting crypto into fiat directly. This process adheres to regulatory compliance standards, including Know-Your-Customer and Anti-Money-Laundering requirements set by Mastercard.
Enabling Widespread Adoption of Digital Assets
Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, emphasized the significance of the partnership with Bitget Wallet in advancing the mainstream adoption of digital assets. He highlighted the increasing prevalence of digital wallets in daily transactions and the importance of making crypto payments simple, secure, and accessible on a large scale.
Bitget Wallet’s Chief Marketing Officer, Jamie Elkaleh, echoed Abrahams’ sentiments, noting the rising demand for practical crypto utility. The collaboration with Mastercard and Immersve aims to bridge the gap between digital assets and traditional payment methods, making crypto payments as seamless and secure as conventional transactions.
Future Initiatives and Partnerships
Mastercard’s recent partnership with Chainlink to enable direct on-chain crypto purchases through off-chain payments reflects the company’s commitment to innovation in the digital asset space. Additionally, Mastercard has set ambitious goals for tokenizing all transactions in the EU by 2030, further solidifying its position as a pioneer in the evolution of payment technologies.