The crypto exchange Bitget Wallet has partnered with Mastercard and Immersve to launch the Bitget Wallet Card, which will allow its users to spend cryptocurrency at over 150 million stores worldwide. The card, which will be available through the Bitget Wallet app, will have zero fees.
Bitget has announced this partnership in its X post. The card will support real-time funding through on-chain swaps and deposits, with purchases settled on-chain via crypto-to-fiat conversions. It will first be launched in the UK and Europe and then expand to Latin America, Australia, and New Zealand.
With Mastercard’s tools, users can easily apply for the card in the app and add it to their phone’s wallet quickly. Immersve will handle the technical side, like issuing the card and ensuring its users about the secure transactions, while meeting rules like identity checks (KYC) and anti-money laundering (AML) standards.
This will keep crypto spending safe and connected to the blockchain. Bitget Wallet’s Jamie Elkaleh stated that 40% of their users worldwide are using crypto for payments, especially in places like Southeast Asia and Africa, with younger people and areas with weaker banking systems showing strong demand.
The card builds on the app’s “Pay” feature, making it easier for its users to spend crypto while keeping control of their digital assets. Currently, the Bitget Wallet Card will not be launched in the U.S. because of strict regulations, but later the firm will look into launching the card in the U.S.
Jamie Elkaleh said they had selected the UK and Europe first since their rules are clearer, and crypto cards are more popular there. Mastercard’s Christian Rau has emphasized that the card is secure, with protections like identity checks (KYC), anti-money laundering (AML) rules, and anti-fraud measures. Mastercard is committed to connecting crypto and regular finance through partnerships with companies like Gemini, Bybit, and MetaMask.
Also Read: Mastercard, Chainlink Partner to Allow 3 Billion Users to Buy Crypto
