In a significant development aimed at enhancing access to digital currencies, Bitget Wallet has rolled out a zero-fee USDC on-ramp in collaboration with Alchemy Pay, targeting users in emerging markets. This initiative enables individuals to purchase USDC without incurring any transaction fees or network charges, creating a more accessible pathway to digital dollars.
The program features competitive market-referenced foreign exchange rates and a streamlined one-click checkout process through popular payment platforms such as Apple Pay and Google Pay. It seeks to make the initial step into cryptocurrency simpler and more familiar for everyday users, thus promoting wider adoption. The zero-fee structure is made possible by Alchemy Pay’s stablecoin subsidy program, developed in partnership with Coinbase, designed to facilitate USDC access in critical growth markets.
This newly launched feature is now integrated into Bitget Wallet’s Buy Crypto portal and is available in regions across Asia Pacific, Latin America, and Africa. It supports various global payment channels, including different domestic rails and local bank transfers. Users can benefit from instant settlements for smaller-value purchases, ensuring a smooth experience for those who frequently engage with these on-ramps.
Ailona Tsik, Chief Marketing Officer at Alchemy Pay, emphasized their commitment to simplifying and enhancing the crypto experience worldwide. She noted, “By eliminating barriers to entry, we’re empowering more people to seamlessly access and utilize digital dollars,” reflecting a vision for a more inclusive financial landscape.
Jamie Elkaleh, CMO of Bitget Wallet, echoed this sentiment, highlighting stablecoins’ role in providing an uncomplicated way to store and transfer value. He mentioned that the company is focused on extending localized paths for fiat-to-stablecoin transactions, catering to the growing demand for digital dollars in high-adoption markets.
The zero-fee on-ramp aligns with Bitget Wallet’s strategy to bolster stablecoin accessibility. The wallet currently supports more than 80 payment methods and operates in over 100 markets, enabling stablecoin transactions across multiple blockchains. Users can also utilize USDC for gas fees, card payments in over 50 markets, QR transactions, and bank transfers. Moreover, the platform allows users to allocate USDC into yield-generating options via integrated decentralized finance (DeFi) protocols, with annual rates reaching up to 10%.
Bitget Wallet has positioned itself as an all-encompassing finance app, catering to over 80 million users. It bridges blockchain technology with everyday finance, allowing users to buy, sell, trade, earn, and spend crypto while ensuring the security of their funds through advanced measures and a protection fund of $700 million.
Complementing Bitget Wallet’s efforts, Alchemy Pay serves as a payment gateway that links crypto transactions with traditional fiat currencies. With a suite of services designed for businesses and users alike—including on- and off-ramps, a Web3 digital bank, and NFT checkout—Alchemy Pay is committed to democratizing access to crypto across 173 countries.
This collaboration marks a step toward a more open and efficient financial ecosystem, urging broader participation in the evolving landscape of digital finance. For additional details and updates, users can explore resources through Bitget Wallet’s blog and related media platforms.
