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Key Takeaways:
- Bitget Wallet’s new crypto card allows real-time spending at 150M+ Mastercard merchants.
- Immersve powers onchain-to-fiat conversion while ensuring compliance with KYC/AML.
- The card reflects a broader industry push toward mainstream crypto adoption and real-world use cases.
Bitget Wallet has launched a new crypto-linked card in partnership with Mastercard and Web3 infrastructure provider Immersve. The card enables users to make real-time payments directly from their digital wallets at over 150 million merchants globally that accept Mastercard.
This move is aimed at making crypto spending more accessible and efficient, positioning Bitget Wallet as a leader in practical blockchain finance adoption.
Real-Time Onchain Funding and Global Access
Available through the Bitget Wallet app, the card allows users to fund it instantly through onchain swaps and crypto deposits. With Mastercard’s Digital First capabilities, users can apply digitally and receive the card in minutes, ready to use at physical and online outlets.
Transactions are settled onchain, with crypto converted to fiat while conforming to Mastercard’s robust KYC and AML regulatory requirements. Initially launching in the UK and EU, the service plans to expand into Latin America, Australia, and New Zealand in the coming months.
Bringing Web3 to Real-World Commerce
Bitget Wallet, boasting over 80 million global users, aims to push crypto into everyday utility. The card offers features such as transaction rewards, yield on idle wallet balances, and bonuses for identity verification. The initiative reflects a larger trend toward real-world use cases for crypto amid increasing demand for blockchain-backed financial tools.
“Crypto payments should be as seamless and secure as traditional transactions,” said Jamie Elkaleh, CMO at Bitget Wallet. “This collaboration makes that vision real.”
Mastercard and Immersve Embrace Digital Asset Integration
Mastercard’s involvement underlines growing institutional interest in integrating blockchain solutions. “We’re committed to making crypto transactions simple, secure, and accessible,” said Scott Abrahams, Executive VP of Global Partnerships at Mastercard.
Also Read: Bitget to List DeLorean (DMC) Token via Launchpool as Blockchain Drives Into Auto Industry
Jerome Faury, CEO of Immersve, added, “This partnership bridges the gap between Web3 and traditional finance, enabling users to spend crypto globally with ease.”
This groundbreaking partnership brings together the strengths of Bitget Wallet, Mastercard, and Immersve to deliver a product that redefines crypto utility. By enabling instant, compliant, and global crypto payments, the initiative positions itself as a major milestone in crypto adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
