Bitget Wallet Launches Crypto Card for Global Spending with Mastercard

Bitget Wallet, in collaboration with Mastercard and infrastructure provider Immersve, has launched a new crypto card designed to facilitate global spending. This innovative card allows users to spend their cryptocurrency at over 150 million merchants worldwide, marking a significant step towards integrating digital assets into everyday transactions. The card is notable for its zero-fee structure, enabling real-time global payments directly from digital wallets. This partnership aims to provide users with a seamless and secure way to utilize their digital assets in daily life, bridging the gap between traditional finance and virtual currencies.

The card will be available through the Bitget Wallet App, supporting real-time transactions through onchain swaps and deposits. Mastercard’s Digital First technology allows users to apply online and start using the card within minutes by adding it to their mobile wallets. Once set up, the card can be used at both physical stores and online platforms, much like any other payment card. This convenience is further enhanced by the card's compliance with full KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, ensuring that all transactions are secure and meet international legal standards.

Bitget Wallet, which serves over 80 million users and supports 130+ blockchains and 20,000+ DApps, is expanding its ecosystem with features like crypto swaps, staking, rewards, and now global payments. The wallet provides robust security measures, including a $300 million user protection fund to safeguard assets. The card, issued by Immersve, a licensed Mastercard partner, will initially launch in the United Kingdom and the European Union, with plans to expand to Latin America, Australia, and New Zealand in the future.

Cardholders will enjoy additional benefits, including cashback or rewards based on transactions, earnings on unused funds in the wallet, welcome bonuses after KYC verification, and global usage, making travel and shopping simpler. These features are designed to make the card not only useful but also rewarding for users. Jamie Elkaleh, CMO at Bitget Wallet, emphasized the simplicity and security of crypto payments, stating, “Crypto payments should feel just as simple and secure as regular ones.” Scott Abrahams, Mastercard’s EVP of Global Partnerships, highlighted the collaboration with top digital currency companies to make digital payments more useful for everyone. Jerome Faury, CEO of Immersve, noted that the card is a significant step in connecting virtual currency with everyday life.

This development comes at a time of increased focus on real-world crypto adoption. With over 80 million global users, Bitget Wallet sees the new card as a bridge between decentralized finance and traditional payments. To further incentivize adoption, the card will also offer yield opportunities on idle wallet balances, rewards for verified users, and transaction-based bonuses. This new offering allows users to spend digital assets at any merchant that supports Mastercard, spanning more than 150 million locations worldwide. Behind the scenes, Immersve handles crypto-to-fiat conversions and ensures that all transactions meet Mastercard’s regulatory standards, including compliance with anti-money laundering (AML) and know-your-customer (KYC) protocols. The rollout begins in the UK and EU, with plans to expand into Latin America, Australia, and New Zealand later this year.

This new card exemplifies how virtual currency is increasingly becoming a part of daily life. By leveraging the strengths of Bitget Wallet, Mastercard, and Immersve, the card enables users to spend digital currency as easily as they use cash. It also demonstrates the rapid shrinking of the gap between traditional finance and virtual assets, paving the way for broader adoption and integration of cryptocurrencies in the global economy.