• Bitget wallet partners with Mastercard and Immersve. 
• Together, they will launch crypto cards, allowing users to access crypto for payments.
• The card will be launched in the UK and the EU first.

Bitget wallet partners with Mastercard to launch direct access to digital wallets through crypto cards. This bullish partnership showcases how traditional and web3 entities are slowly beginning to work together to ensure that no one gets left behind. Innovation helps improve the world as we know it, and this latest collaboration is a strong sign for both the crypto industry and traditional payments. 

Bitget Wallet Partners with Mastercard 

Bitget Wallet just announced its bullish collaboration with Mastercard and Web3 infrastructure provider Immersve to launch a new zero-fee crypto card. This crypto card will allow users to seamlessly make direct payments from their digital wallets at over 150 million Mastercard-supported merchants globally. This is a monumental moment for crypto payments and cements the future of Mastercard for its ability to adapt.

The crypto card, which will be issued through Immersve—a Mastercard-licensed issuer—allows real-time crypto-to-fiat conversion and supports onchain funding through swaps and deposits. The card will first be launched in the UK and the EU, with plans to later make its debut in Latin America, Australia, and New Zealand. As we can see from the post below, the reception for this announcement has been a warm one from the crypto community.

To highlight, users can apply for these crypto cards digitally through the Bitget Wallet app. Once approved, the crypto card can be added to mobile wallets for use online and in physical stores. By leveraging Mastercard’s Digital First approach, the initiative aims to simplify crypto payments while maintaining full regulatory compliance, including robust KYC and AML standards. 

Bitget and Mastercard Expedite Payment Innovation

Bitget Wallet, which serves more than 80 million users worldwide, says the card will enhance access to self-custodied assets in daily transactions. Additional features include transaction-based incentives, staking yields on idle wallet balances, and bonuses for verified users. 

Leaders of Mastercard, Bitget, and Immersve have all shared positive sentiments over the collaboration and look forward to ushering in a new age of digital payments and transactions worldwide. All in all, this initiative marks another major step toward merging blockchain technology with traditional financial infrastructure.

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