Home Crypto news Bitget launches Mastercard-linked crypto card for seamless global payments
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Bitget launches Mastercard-linked crypto card for seamless global payments

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Bitget Wallet, the self-custodial digital asset wallet powered by crypto exchange Bitget, has launched a Mastercard-linked card in collaboration with infrastructure provider Immersve.

The card allows users to make real-time crypto payments at over 150 million merchants globally, converting digital assets into fiat directly from their wallets.

The launch was announced during the Ethereum Community Conference.

The card will initially be available in the United Kingdom and the European Economic Area, with expansion plans targeting Latin America, Australia, and New Zealand in the coming months.

The product aims to bridge decentralised asset management with traditional financial systems using Mastercard’s Digital First framework.

Users can apply for the card through the Bitget Wallet app, receive instant approval, and add the card to mobile wallets for use in both online and in-store transactions.

Bitget says the product aligns with regulatory standards, including Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance.

USDC rewards and features

The card is based on USDC and features real-time onchain funding via swaps and deposits.

Bitget offers zero top-up fees, instant issuance, and incentives such as identity verification bonuses and transaction-based rewards.

Idle balances may also earn yield, depending on market conditions.

Immersve, a principal member of the Mastercard network and a registered financial services provider, supports both centralised and decentralised payment experiences.

The company’s issuing-as-a-service platform allows the Bitget card to process transactions securely, while converting crypto to fiat at the point of sale.

Bitget Wallet claims a global user base of over 80 million. The card is part of the company’s broader initiative to enhance the utility of self-custodied assets and streamline access to everyday commerce.

PayFi and merchant tools

The Mastercard-linked card builds on Bitget Wallet’s PayFi strategy introduced in January.

The strategy is focused on shifting crypto’s role from passive investment to active participation in personal finance.

Bitget aims to make crypto spending as seamless as fiat, positioning digital wallets as everyday financial tools.

In April, Bitget Wallet integrated with Paydify, a universal crypto payment gateway.

This allows merchants to accept stablecoin payments directly from Bitget Wallet users, expanding the reach of decentralised payment options.

The card launch complements these developments by offering a physical and digital payment solution that fits into Bitget’s wider Web3 ecosystem.

The company describes the rollout as a response to growing demand for practical crypto use cases beyond speculation or holding.

UK launch, global plans next

User adoption has grown significantly in 2024, with Bitget Wallet reporting a 1,000% surge in user numbers across Africa, the Middle East, and Latin America.

This momentum has supported Bitget’s strategy to expand the availability of its financial tools beyond major markets.

By launching the card in the UK and EEA, Bitget is aligning its product with financial hubs that have shown increasing interest in regulated digital asset services.

The rollout to other regions, including Latin America and Asia-Pacific, is expected to follow soon.

The card is available now through the Bitget Wallet app, and the partners say they are focused on improving accessibility and use of crypto in daily transactions.

The post Bitget launches Mastercard-linked crypto card for seamless global payments appeared first on Invezz

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