In a significant move for the digital payments landscape, Bitget Wallet has unveiled a new cryptocurrency-linked payment card in collaboration with Mastercard and Immersve. This initiative, which became operational on July 1, is currently available to users based in the United Kingdom and the European Union.
Key Features of the Crypto Card
The Bitget Wallet Card enables direct spending of cryptocurrencies—including Bitcoin—straight from users' self-custodied wallets. There’s no need to pre-load funds or maintain a separate balance. The card supports real-time conversion from crypto to fiat currency during transactions, allowing seamless purchases at any of the 150 million+ global merchants that accept Mastercard.
One of the most appealing advantages is the absence of transaction fees. Whether making everyday purchases or larger transactions, users can spend their digital assets without worrying about extra costs.
All operations adhere to Mastercard’s stringent security protocols, including robust customer identification and anti-money laundering standards. This ensures that every transaction is both secure and compliant with financial regulations in the supported regions.
How the Card Works
The card is a virtual payment instrument integrated directly within the Bitget Wallet mobile application. It connects to the user's existing non-custodial wallet without requiring funds to be moved to an exchange or third-party custodial account. This allows users to maintain full control of their assets while accessing everyday spending convenience.
When a payment is made, the system instantly converts the selected cryptocurrency into fiat currency. The merchant receives payment in traditional currency, completely unaware of the crypto-based origin of the transaction. This approach combines the flexibility of blockchain with the familiarity of standard payment processes.
This type of product is becoming increasingly common as financial and crypto entities collaborate to build a more integrated economic ecosystem. It allows users to leverage the benefits of digital assets without sacrificing the usability of traditional finance.
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Future Expansion Plans
Although the card is currently limited to the UK and EU, Bitget has confirmed plans to expand into new markets. Targeted regions include Latin America, Australia, and New Zealand in the near future.
A launch in the United States is also under consideration, though it remains subject to regulatory approval and ongoing developments in the regional crypto policy landscape.
This effort is part of Mastercard’s broader strategy to foster connections between conventional financial systems and the cryptocurrency sector. The company has previously partnered with other major crypto platforms to offer comparable services, reinforcing its commitment to embedding digital assets within mainstream payment infrastructures.
Frequently Asked Questions
What cryptocurrencies can I spend with the Bitget Wallet Card?
The card supports several major cryptocurrencies, including Bitcoin. You can spend directly from your self-custodied wallet without pre-conversion or intermediate steps.
Are there any transaction fees?
No. The card promises zero transaction fees, making it a cost-efficient tool for daily crypto spending.
Is the card available in the United States?
Not currently. The service is limited to the UK and EU, though expansion to the U.S. is being explored pending regulatory clarity.
How does the conversion from crypto to fiat work?
Conversion occurs in real time at the moment of transaction. The current market rate is applied, and the merchant receives payment in their local fiat currency.
Is it safe to use this card for payments?
Yes. The card complies with Mastercard’s security standards, including identity verification and anti-money laundering measures, ensuring safe and legally compliant transactions.
Can I use the card for online purchases?
Absolutely. The virtual card can be used for both online and in-person transactions anywhere Mastercard is accepted.
This article is for informational purposes only. Please ensure compliance with local regulations before using cryptocurrency-based financial products.