Bitget Wallet, together with Mastercard and Immersve, has launched the new crypto card to be used at over 150 million merchants that accept the Mastercard network. The crypto card will be launched for the first time in the UK and EU, with expansion plans in Latin America, Australia, and New Zealand in the coming months.
Bitget, Mastercard, and Immersve: a new crypto card to spend your cryptocurrencies
A new collaboration signed by Bitget Wallet, Mastercard, and Immersve has introduced the new crypto card, which allows users to spend their cryptocurrencies.
In practice, users will be able to obtain their own crypto card on the Bitget Wallet app and load it in real-time through swaps and onchain deposits.
Thanks to Mastercard Digital First technology, users will be able to add the crypto card to their mobile wallet in just a few minutes, to use it at physical and online merchants. Currently, the Mastercard network includes over 150 million merchants worldwide.
Another intervention then falls to the infrastructure provider Immersve, which is responsible for regulating on-chain transactions through the conversion from crypto to fiat. Immersve is a licensed Mastercard issuer, adhering to its regulatory framework, including KYC and AML requirements.
The crypto card by Bitget and Mastercard will initially be launched in the United Kingdom and European Union, and then extend its presence in the coming months to Latin America, Australia, and New Zealand.
Bitget and Mastercard: rewards and incentives for the new crypto card
To promote the adoption of the new crypto card, Bitget and Mastercard offer incentives and rewards.
Among the various offers, in fact, there are transaction-based rewards, returns on inactive balances in the portfolio, and one-time bonuses for completing identity verification.
In this regard, Jamie Elkaleh, CMO of Bitget Wallet, commented:
“Cryptocurrency payments should be as secure as traditional transactions. With this partnership, Bitget Wallet users can now pay with cryptocurrencies wherever Mastercard is accepted. We are witnessing massive demand for real utility for cryptocurrencies, and this collaboration with Mastercard and Immersve provides the infrastructure to make this vision a reality”.
The report “onchain: casi d’uso dei portafogli crypto”
Last month, Bitget Wallet published its report “on-chain: use cases of crypto wallets”, describing how users interact with crypto-wallets.
In practice, based on the opinions of 4,599 users, the report revealed that crypto wallets have evolved from simple tools for custody and transfer to more complete platforms that fuel onchain life.
In fact, in their crypto-wallet, it seems that 48% of users stated they engage in trading, 46% earn rewards, and 40% make payments.
Not only that, other reported use cases were 37% for staking or yield farming, 35% for monitoring market trends, and 33% for discovering new tokens.
Dominating the scene for the use of crypto-wallets for crypto payments is GenZ.
