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Bitget Wallet and Mastercard Join Forces to Revolutionize Crypto Payments with New Card

Bitget Wallet and Mastercard Join Forces to Revolutionize Crypto Payments with New Card

Published:
2025-07-02 06:34:02
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Bitget Wallet has partnered with Mastercard and Web3 payment provider Immersve to launch a groundbreaking crypto-powered payment card, enabling users to spend digital assets directly from their wallets. Initially rolling out in the UK and EU, the card will expand to Latin America, Australia, and New Zealand later this year. With compatibility at over 150 million Mastercard-accepting merchants, this innovation bridges the gap between traditional finance and Web3, offering seamless crypto-to-fiat transactions. Users can access the card digitally via the Bitget Wallet app, unlocking rewards and eliminating manual conversion hassles. This MOVE reflects a broader trend of financial giants embracing Web3 solutions.

What’s the Big Deal About Bitget Wallet’s New Crypto Card?

Bitget Wallet’s collaboration with Mastercard and Immersve marks a pivotal moment for crypto adoption. The card allows users to spend cryptocurrencies like Bitcoin or ethereum at any Mastercard-accepting merchant—online or in-store—without manual fiat conversions. By integrating Web3 infrastructure with traditional payment rails, Bitget Wallet is making crypto as spendable as cash. Jamie Elkaleh, Bitget Wallet’s CMO, emphasized the goal: “Crypto payments should be as effortless as swiping a debit card.” This launch targets real-world utility, addressing growing demand for practical crypto use cases beyond trading and speculation.

Where Will the Card Be Available First?

The card debuts in the UK and EU, with plans to expand to Latin America, Australia, and New Zealand in subsequent months. This phased rollout ensures regulatory compliance and infrastructure readiness. Notably, the card’s global reach covers 150M+ merchants, from local cafes to Amazon—effectively turning crypto into a universal payment tool. Early adopters can access a digital version via the Bitget Wallet app, with physical cards likely to follow.

Crypto payment card illustration

How Does the Card Work Technically?

Immersve’s backend technology enables real-time conversion of crypto to fiat at checkout, settling transactions in local currency. Users fund the card from their Bitget Wallet balances, avoiding centralized exchanges. The system supports multiple cryptos, though specifics aren’t disclosed yet. Transaction-based rewards and yield on idle wallet funds add extra perks. Completing KYC unlocks a one-time bonus, incentivizing compliance.

Why Is Mastercard Betting on Web3?

Mastercard’s involvement signals institutional confidence in crypto’s future. The company has steadily expanded its digital asset initiatives, from NFT marketplaces to blockchain interoperability. Partnering with Bitget Wallet and Immersve lets Mastercard tap into Web3’s growth while mitigating volatility risks—since merchants receive fiat, not crypto. This aligns with a broader industry trend: Visa, PayPal, and Stripe are also exploring similar integrations.

What’s the Bigger Picture for Crypto Payments?

Bitget Wallet’s card exemplifies the “crypto-to-everyday-life” movement. Beyond speculation, projects now focus on utility—paying rent, groceries, or Netflix with crypto. Immersve’s CEO notes, “The next billion crypto users won’t come for trading; they’ll come for convenience.” Regulatory clarity and tech maturation are accelerating this shift. Notably, the card’s launch follows Robinhood’s tokenized stock offerings in Europe, highlighting fintech’s convergence with crypto.

Industry analyst Alexander Zdravkov

Meet the Minds Behind the Innovation

Alexander Zdravkov, a three-year crypto industry veteran, observes: “2025 is the year crypto moves from portfolios to point-of-sale.” His analysis emphasizes infrastructure milestones like Bitget’s card as critical for mass adoption. The BTCC team adds that such products could pressure lagging exchanges to innovate or partner with payment giants.

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Frequently Asked Questions

When can I get the Bitget Wallet-Mastercard?

The card launches in Q3 2025 for UK/EU users, with other regions following by early 2026.

Which cryptocurrencies are supported?

While unconfirmed, expect major assets like BTC, ETH, and stablecoins initially.

Are there transaction fees?

Details aren’t public, but typical crypto card fees include 1-3% conversion charges.

How does this compare to competitors?

Unlike Crypto.com’s card, Bitget’s version uses Immersve’s decentralized settlement layer.

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