Bitget Wallet Launches Crypto Card With Mastercard For Global Payments

Bitget Wallet, a prominent self-custody digital wallet, has joined forces with Mastercard and Immersve to introduce a new crypto-linked payment card. This innovative card enables users to make payments directly from their digital wallets at over 150 million stores globally that accept Mastercard. The partnership is part of a broader initiative to integrate blockchain-powered solutions into everyday financial transactions, making crypto payments more convenient, secure, and practical for daily use.

The Bitget Wallet card functions similarly to other crypto-debit cards, allowing users to pay for everyday items using their digital assets. The card is seamlessly integrated within the Bitget Wallet app, enabling users to fund it instantly by swapping or depositing cryptocurrency. This eliminates the need to transfer funds to a bank account or another payment platform. Thanks to Mastercard’s Digital First program, the application process is quick and entirely online, with users able to obtain a virtual card within minutes through the Bitget Wallet app. Once activated, users can add the crypto card to their phone’s mobile wallet and use it immediately for online or in-store payments.

The crypto card is issued and operated by Immersve, a licensed Mastercard partner. When a user makes a payment with the Bitget Wallet card, their crypto is instantly converted into fiat currency at the time of the transaction. This conversion process is facilitated by blockchain technology, ensuring speed and transparency. The system adheres to stringent security standards, including Know-Your-Customer (KYC) identity verification and Anti-Money Laundering (AML) checks to prevent fraud and financial crimes. The card will initially be launched in the United Kingdom and countries across the European Union, with plans to expand to other regions, including Latin America, Australia, and New Zealand, as demand increases and local regulations permit. This phased rollout ensures compliance with local financial regulations and provides a seamless user experience across different countries.

The Bitget Wallet card offers additional benefits that make spending crypto more rewarding. Users can earn rewards based on their spending and receive a bonus after verifying their identity. Additionally, users can earn interest on any unused balance in their wallet. This initiative comes as more people and businesses seek straightforward ways to integrate cryptocurrency into their daily lives. Governments around the world are also starting to support the idea of crypto-linked cards. In May, it was announced that a system would allow tourists to connect their cryptocurrency wallets to credit cards, making it easier for foreigners to spend crypto on local purchases.

Jamie Elkaleh, CMO at Bitget Wallet, emphasized the seamless and secure nature of crypto payments with this partnership. "Crypto payments should be as seamless and secure as traditional transactions. With this partnership, Bitget Wallet users can now pay with crypto anywhere Mastercard is accepted," Elkaleh stated. "We’re seeing massive demand for real-world crypto utility, and this collaboration with Mastercard and Immersve provides the infrastructure to make that vision a reality."

Scott Abrahams, executive vice president of Global Partnerships at Mastercard, highlighted the company's commitment to making crypto transactions simple, secure, and accessible at scale. "Digital wallets are quickly becoming as ubiquitous as email addresses. At Mastercard, we’re committed to working with innovative companies like Bitget Wallet and Immersve to make crypto transactions simple, secure, and accessible at scale," Abrahams said. "This is a critical step in bringing digital assets closer to mainstream utility."

Jerome Faury, CEO of Immersve, noted the importance of partnering with forward-thinking teams to scale real-world crypto use. "Partnering with forward-thinking teams like Mastercard and Bitget Wallet is exactly how we scale real-world crypto use," Faury said. "We’re bridging the gap between Web3 and traditional finance, allowing users to spend crypto as easily as they spend fiat—on a global scale."