Bitget and Mastercard together for a new zero-fee crypto card
, together with Mastercard and Immersve, has launched the new to be used at over 150 million merchants that accept the Mastercard network. The crypto card will be launched for the first time in the UK and EU, with expansion plans in Latin America, Australia, and New Zealand in the coming months.
A new collaboration signed by has introduced the
In practice, users will be able to and load it in real-time through swaps and onchain deposits.
Thanks to technology, users will be able to add the crypto card to their mobile wallet in just a few minutes, to use it at physical and online merchants. Currently, the Mastercard network includes over 150 million merchants worldwide.
Another intervention then falls to the infrastructure provider , which is responsible for regulating on-chain transactions through the conversion from crypto to fiat. Immersve is a licensed Mastercard issuer, adhering to its regulatory framework, including KYC and AML requirements.
, and then extend its presence
To promote the adoption of the new crypto card,
Among the various offers, in fact, there are transaction-based rewards, returns on inactive balances in the portfolio, and one-time bonuses for completing identity verification.
In this regard, , CMO of Bitget Wallet, commented:
“Cryptocurrency payments should be as secure as traditional transactions. With this partnership, Bitget Wallet users can now pay with cryptocurrencies wherever Mastercard is accepted. We are witnessing massive demand for real utility for cryptocurrencies, and this collaboration with Mastercard and Immersve provides the infrastructure to make this vision a reality”.
Last month, published its report “on-chain: use cases of crypto wallets”, describing how users interact with crypto-wallets.
In practice, based on the , the report revealed that crypto wallets have evolved from simple tools for custody and transfer to more complete platforms that fuel onchain life.
In fact, in their crypto-wallet, it seems that 48% of users stated they engage in trading, 46% earn rewards, and 40% make payments.
Not only that, other reported use cases were 37% for staking or yield farming, 35% for monitoring market trends, and 33% for discovering new tokens.
Dominating the scene for the use of crypto-wallets for crypto payments is GenZ.
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.
