Bitget Wallet has partnered with Mastercard and Immersve to launch a zero-fee crypto card, enabling users to spend digital assets at over 150 million merchants globally. This collaboration marks a significant advancement in bridging Web3 and traditional finance by eliminating transaction fees and simplifying crypto payments.
The card integrates directly into the Bitget Wallet app, allowing real-time funding through on-chain swaps and deposits. Users can apply digitally and add the card to mobile wallets within minutes using Mastercard’s Digital First technology.
Initial availability begins in the United Kingdom and European Union, with expansions planned for Latin America, Australia, and New Zealand in coming months. The rollout targets Bitget Wallet’s 80 million users seeking practical crypto utility.
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Bitget Wallet’s Payment Infrastructure
As the platform hosting the card, Bitget Wallet enables seamless access through its existing application. The wallet’s self-custody model extends to everyday commerce, maintaining user control over digital assets during transactions.
Optional incentives include transaction-based rewards, yield on idle balances, and verification bonuses. These features aim to drive adoption among the wallet’s substantial user base seeking real-world crypto utility.
Mastercard’s Global Network
Mastercard provides the payment infrastructure and merchant network essential for global acceptance. Their Digital First technology enables instant digital issuance, allowing users to start spending immediately after application approval.
The partnership leverages Mastercard’s established regulatory framework, including KYC and AML protocols. This compliance ensures transactions meet financial industry standards while converting crypto to fiat during settlement.
Immersve’s Settlement Technology
As the Mastercard-licensed issuer, Immersve powers the on-chain settlement mechanism. Their technology facilitates real-time crypto-to-fiat conversion during transactions while maintaining regulatory compliance.
The infrastructure handles the critical conversion process at point-of-sale, enabling direct spending from crypto wallets without pre-funding requirements. This technical backbone supports the card’s zero-fee structure.
Jamie Elkaleh, Bitget Wallet’s CMO, emphasized: “Crypto payments should be as seamless and secure as traditional transactions. This collaboration provides the infrastructure to make that vision a reality.” The executive highlighted growing demand for practical crypto utility in everyday commerce.
Key features of the card include:
- Zero transaction fees for all purchases
- Real-time funding via on-chain swaps
- Instant digital issuance and activation
- Compliance with global financial regulations
The launch occurs amid increasing integration of blockchain solutions into mainstream finance. Industry observers note this partnership could accelerate crypto adoption by removing payment friction and transaction costs.
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This partnership signals growing institutional acceptance of cryptocurrency payments, potentially influencing broader merchant adoption and consumer spending patterns. The zero-fee structure addresses a major barrier to crypto’s everyday use, possibly setting new industry standards for payment products.
- On-chain swaps
- Direct cryptocurrency exchanges occurring on blockchain networks without intermediaries. These enable real-time conversion between digital assets.
- Self-custodied assets
- Digital assets where users control private keys rather than third-party custodians. This maintains direct ownership and security responsibility.
- KYC (Know Your Customer)
- Regulatory process verifying user identities to prevent financial crimes. Mandates collection of personal information during account creation.
- AML (Anti-Money Laundering)
- Financial regulations detecting and preventing illegal fund movements. Requires monitoring transactions and reporting suspicious activity.
- Web3
- Decentralized internet ecosystem built on blockchain technology. Emphasizes user ownership of data and digital assets through distributed networks.
