Bitget Wallet has made significant strides in Brazil’s cryptocurrency landscape by integrating PIX, the country’s innovative quick payment system. This development allows users to make immediate transactions using self-custodied cryptocurrencies like USDT and USDC by simply scanning PIX QR codes. This enhancement was announced in a recent press release and developed in collaboration with local licensee, Aeon. The wallet now enables payments using stablecoins across major blockchains, including BNB, Ethereum, Solana, Tron, Ton, and Base, while allowing merchants to receive payments in Brazilian reais without any complications.
PIX, introduced by the Central Bank of Brazil in 2020, has rapidly ascended to become the nation’s favored retail payment method. Over 150 million Brazilians and countless businesses now utilize this system, highlighting its integration into everyday life. In 2024 alone, PIX finalized an impressive 64 billion transactions valued at $4.6 trillion, marking a 53% increase from the previous year and surpassing traditional credit and debit card payments by 80%. With this new integration, Bitget Wallet users can efficiently conduct transactions in various settings, such as restaurants and shops, as well as through peer-to-peer transfers, all without the necessity of a bank account or intermediaries. The stated settlement time for these transactions is mere seconds, and they are accessible around the clock.
Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, expressed that the integration of PIX is a pivotal moment for cryptocurrency adoption in Brazil. He emphasized the company’s goal of allowing individuals to make cryptocurrency payments anywhere and anytime, thereby seamlessly connecting global digital assets with Brazil’s burgeoning real-time payment infrastructure. This move reflects Bitget Wallet’s ambition to evolve from merely storing digital assets to facilitating real-world transactions. The wallet positions itself as an all-encompassing self-custodial platform for digital asset management and everyday expenditures.
The introduction of the PIX integration is part of Bitget Wallet’s broader strategy for expansion throughout Brazil and Latin America. Earlier in August, the company unveiled a USD-based zero-fee crypto card enabling users to spend stablecoins at over 150 million merchants supported by Mastercard globally. The firm is striving to build a complete ecosystem for managing and expending crypto assets, including integrated on-ramp and off-ramp services that facilitate cryptocurrency transactions directly within the wallet interface.
Allowing QR-based payments worldwide through its Solana Pay integration and utilizing national QR code networks in Southeast Asia, Bitget Wallet is reinforcing its dedication to global cryptocurrency acceptance with the addition of PIX in Brazil.
With a user base exceeding 80 million, Bitget Wallet offers a wide-ranging suite of cryptocurrency services, such as token swaps, market data, staking, rewards, decentralized app exploration, and payment solutions. The wallet supports over 130 blockchains and millions of tokens, enabling seamless multi-chain trading via numerous decentralized exchanges and cross-chain bridges. The company also underscores its security measures, emphasizing a $300 million user protection fund designed to safeguard assets. Its vision, “Crypto for Everyone,” aims to make digital currencies more accessible, secure, and ingrained in the daily lives of a billion individuals.
By directly linking its crypto wallet to PIX, Bitget Wallet aspires to be at the forefront of Brazil’s rapidly evolving payment industry. The integration is not only designed to benefit individual users and merchants but could also serve as a case study for how stablecoins and blockchain-based transactions can operate alongside traditional financial systems. This initiative is perceived as a substantial leap toward widespread cryptocurrency adoption in Latin America’s largest economy.
