Bitget Wallet has announced an exciting development for users across Africa with the launch of its crypto card, which facilitates the spending of cryptocurrencies directly from a self-custodial wallet. The card is powered by Mastercard’s payment technology and the infrastructure of Immersve, making it accessible at hundreds of millions of merchants worldwide that accept Mastercard. This significant innovation allows users to make everyday purchases – from groceries to travel and digital subscriptions – by utilizing stablecoins, which are converted seamlessly into fiat currency at the point of sale.
The Bitget Wallet Card, which is issued digitally through the Bitget Wallet app, operates as a USD-denominated payment card for global spending. Users fund their transactions with USDC, a stablecoin that is automatically converted into the appropriate fiat currency at checkout. This functionality leverages Mastercard’s Digital First technology, enabling users to apply for and receive a virtual card almost instantly, which can be added to their mobile wallets for convenient online and in-store transactions.
The demand for effective digital payment solutions is on the rise across various African markets, with consumers searching for flexible options to manage and spend value across borders. Alvin Kan, the COO of Bitget Wallet, highlighted the advantages of stablecoins as a practical means of storing and transferring value, especially in regions where cross-border payments can incur high costs and currency volatility is prevalent. He emphasized that the Bitget Wallet Card allows users to link their self-custodied cryptocurrency to global payment systems, bridging the gap between on-chain finance and everyday commerce.
Jerome Faury, CEO of Immersve, acknowledged Africa’s unique position as a dynamic region for real-world crypto adoption. He noted that the partnership with Mastercard would empower users to spend their digital assets globally while retaining the flexibility and control cherished by Web3 enthusiasts.
Bitget Wallet serves over 90 million users globally and aims to simplify, secure, and enhance the usability of cryptocurrency in daily transactions. It provides an all-in-one platform that facilitates the swapping and earning of crypto, as well as payment solutions via cryptocurrency cards. Notably, the app ensures faster and borderless on-chain financial transactions while being committed to advanced security measures and a user protection fund amounting to $300 million. As a fully self-custodial wallet, it respects user autonomy by not holding or controlling user funds, private keys, or data, with all transactions being signed by users and executed on public blockchains.
For those interested in learning more about the Bitget Wallet Card, additional information is available via their website and various social media platforms. Similarly, Immersve supports various payment experiences through its innovative issuing-as-a-service platform, allowing for seamless integration with exchanges, Web3 wallets, and DeFi protocols anywhere Mastercard is accepted.
