Bitget Wallet, in collaboration with MasterCard and its authorized issuers, has introduced new cryptocurrency cards that allow seamless salary payments directly from digital wallets. These cards bridge the gap between crypto holdings and mainstream retail transactions.
Key Features of the Cryptocurrency Card
- Global Accessibility: Accepted by over 1.5 million merchants worldwide where MasterCard is supported.
- Real-Time Payments: Integrated with online exchanges and payment functionalities via the Bitget Wallet app.
- Regulatory Compliance: Transactions settle on-chain while converting crypto to fiat, adhering to KYC/AML requirements.
- Digital-First Approach: Users can apply for and receive a digital card within minutes using MasterCard’s "Digital First" program.
Current Availability and Expansion Plans
Initially launched in the UK and EU, the service will expand to Latin America, Australia, and New Zealand in the coming months.
The Growing Trend of Crypto Payment Cards
Major players like Crypto.com, Coinbase, and Binance have partnered with Visa to offer similar services, supporting up to 20 cryptocurrencies. Bybit and Metamask are also exploring crypto salary solutions with MasterCard.
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FAQ Section
Q: How does the cryptocurrency card work?
A: It converts crypto to fiat at the point of sale, enabling transactions at MasterCard-accepted merchants.
Q: Is there a cashback feature?
A: Some providers offer cashback, but Bitget’s current focus is on seamless conversions.
Q: Which regions will get this card next?
A: Latin America, Australia, and New Zealand are prioritized for 2025 expansion.
Why This Matters
The collaboration between Bitget Wallet and MasterCard signifies a pivotal step toward mass crypto adoption. By merging decentralized finance with traditional payment infrastructure, users gain both flexibility and compliance assurance.
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