Bitget Wallet Partners Mastercard Immersve for Global Crypto Card

Bitget Wallet has announced a significant partnership with Mastercard and Immersve to introduce the Bitget Wallet Card, a new cryptocurrency payment solution. This card will enable users to spend their cryptocurrency at over 150 million stores globally, marking a substantial step forward in the integration of digital assets into everyday transactions. The card will be accessible through the Bitget Wallet app and will operate with zero fees, making it an attractive option for crypto enthusiasts.

The Bitget Wallet Card will support real-time funding through on-chain swaps and deposits, with purchases settled on-chain via crypto-to-fiat conversions. This feature ensures that users can seamlessly convert their cryptocurrency into fiat currency for transactions, maintaining the security and transparency of blockchain technology. The card will initially be launched in the UK and Europe, with plans to expand to Latin America, Australia, and New Zealand in the future.

Mastercard’s involvement in this partnership brings a layer of security and reliability to the Bitget Wallet Card. Users can easily apply for the card through the Bitget Wallet app and add it to their phone’s wallet, thanks to Mastercard’s tools. Immersve will handle the technical aspects, including issuing the card and ensuring secure transactions while complying with identity checks (KYC) and anti-money laundering (AML) standards. This collaboration aims to keep crypto spending safe and connected to the blockchain, providing users with peace of mind during transactions.

According to Bitget Wallet’s Jamie Elkaleh, 40% of their users worldwide are already using crypto for payments, with a strong demand in regions like Southeast Asia and Africa. Younger users and areas with weaker banking systems are particularly interested in this payment method. The Bitget Wallet Card builds on the app’s existing “Pay” feature, making it easier for users to spend their crypto while retaining control over their digital assets. However, the card will not be launched in the U.S. initially due to strict regulations, but Bitget plans to explore this market in the future.

Elkaleh highlighted that the UK and Europe were chosen for the initial launch due to their clearer regulatory frameworks and higher popularity of crypto cards. Mastercard’s Christian Rau emphasized the card’s security features, including identity checks, anti-money laundering rules, and anti-fraud measures. Mastercard is committed to bridging the gap between crypto and traditional finance through partnerships with companies like Gemini, Bybit, and MetaMask, further solidifying its role in the evolving financial landscape.