Bitget Wallet Launches Zero-Fee Crypto Payment Card With Mastercard

Bitget Wallet, a prominent self-custodial digital wallet, has joined forces with Mastercard and infrastructure specialist Immersve to unveil a groundbreaking zero-fee crypto-linked payment card. This card enables users to spend their cryptocurrency directly from their wallets at over 150 million merchants worldwide where Mastercard is accepted, marking a significant advancement in the utility of digital assets.

The card is built on Mastercard’s advanced Digital First platform, allowing users to apply for it entirely online through the Bitget Wallet app. Upon approval, users can add a virtual card to their mobile wallets within minutes, facilitating both online and in-store purchases. Transactions are funded in real time through on-chain swaps or deposits using USDC, with users retaining custody of their assets until a transaction triggers conversion to fiat currency.

Immersve, a licensed Mastercard issuer, manages the issuance and fiat conversion processes, ensuring seamless on-chain settlement under stringent KYC and AML regulations. The card will initially be available in the UK and EU, with plans to expand to Latin America, Australia, and New Zealand in the coming months.

In addition to zero fees, the card offers several perks, including no top-up fees, rewards tied to spending, sign-up bonuses for completing identity verification, and interest on idle wallet balances. With over 80 million users globally, Bitget Wallet is advancing its “PayFi” vision, transitioning crypto from a passive investment to an everyday financial tool.

Jamie Elkaleh, CMO of Bitget Wallet, highlighted the strategic importance of this partnership, stating that it aligns with their mission to make crypto more accessible and useful in daily life. Scott Abrahams, Mastercard’s EVP of Global Partnerships, echoed this sentiment, describing the initiative as a critical step in bringing digital assets closer to mainstream utility.

This collaboration underscores the growing demand for real-world applications of cryptocurrencies. By leveraging Mastercard’s extensive network and infrastructure, Bitget Wallet is expanding the reach and practical use of digital assets in everyday transactions. Users can now convert their cryptocurrency holdings into fiat currency at the point of sale, eliminating the need for traditional banking intermediaries and reducing transaction costs.

The zero-fee crypto payment card represents a significant milestone in the integration of cryptocurrencies into mainstream commerce. It offers users a more flexible and efficient way to manage their digital assets, bridging the gap between traditional financial systems and the emerging world of digital currencies. This partnership is poised to set a new standard for crypto payment solutions, paving the way for broader adoption and acceptance of digital currencies in the global market.