Bitget Wallet Teams Up with Mastercard For Crypto Payment Card

Bitget Wallet, a popular self-custody digital wallet, has teamed up with Mastercard and Immersve to launch a new crypto-linked card. This card allows users to make payments straight from their digital wallets at over 150 million stores worldwide that accept Mastercard. The partnership is part of a larger effort to bring blockchain-powered solutions into everyday finance. At the same time, make crypto payments easier, safer, and more practical for daily use. Bitget Wallet Launches Instant-Use Digital Card Like every other crypto-debit card, the new Bitget Wallet card lets users pay for everyday things using their digital assets , just like regular money. The card works seamlessly within the Bitget Wallet app, allowing users to fund it by swapping or depositing cryptocurrency instantly. This removes the need to move money into a bank account or another payment platform. Thanks to Mastercard’s Digital First program, applying for the card is quick and entirely online. Users can use the Bitget Wallet app to obtain a virtual card in just minutes. Once active, users can add the crypto card to a phone’s mobile wallet and use it immediately for online or in-store payments. Powered by Secure Infrastructure and On-chain Technology 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 happens using blockchain technology , making the process fast and transparent. The system also adheres to stringent security standards. This includes the 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 additional regions expected to follow later. Bitget Wallet plans to expand this service to other areas, including Latin America, Australia, and New Zealand. As announced, additional regions may be added as demand increases and local regulations permit. This step-by-step rollout ensures that the digital product complies with local financial regulations and provides a seamless user experience across different countries. Bitget Wallet Card Rewards Everyday Spending The Bitget Wallet card comes with extra 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 also 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, Thailand announced it was exploring a system that would allow tourists to connect their cryptocurrency wallets to credit cards . This is poised to make it easier for foreigners to spend crypto on local purchases. The post Bitget Wallet Teams Up with Mastercard For Crypto Payment Card appeared first on TheCoinrise.com .

Source: The Coin Rise