Bitget Wallet is taking a significant step toward global crypto adoption by integrating more than 20 local payment methods through TransFi. This collaboration streamlines the process for users in Asia-Pacific, Latin America, and Africa, letting them convert fiat to crypto via the familiar mobile wallets and bank transfer systems they use daily.
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Cryptocurrency
Fintech Innovations
Payment Gateways
Bitget Wallet Adds Over 20 Local On-Ramp Payment Methods With TransFi
Photo by Benzinga
Key Takeaways:
- Bitget Wallet integrated over 20 new local on-ramp payment methods.
- Users in Asia-Pacific, Latin America, and Africa gain seamless fiat-to-crypto conversions.
- TransFi provides a stablecoin-powered orchestration layer for direct settlement.
- Instant bank transfers, QR codes, and major mobile wallets are supported.
- The collaboration aims to remove cross-border obstacles and foster crypto adoption.
Global Reach
Bitget Wallet, described as a leading everyday finance app, has announced a significant expansion of its on-ramp infrastructure. Through a partnership with TransFi, users in Asia-Pacific, Latin America, and Africa can now move from traditional currencies to crypto by tapping into local payment systems they already know and trust.
Added Payment Methods
The integration brings together more than 20 widely used payment methods. These include instant bank transfers, mobile wallets, and national QR standards that are deeply embedded in everyday financial activity. By introducing well-known payment options, Bitget Wallet emphasizes the importance of familiarity and convenience, enabling users to buy crypto quickly without exchanging their usual means of payment.
TransFi’s Role
Central to this expansion is TransFi’s stablecoin-powered orchestration layer. This technology connects various local payment rails and provides real-time execution. In practical terms, users can bypass the need for slow cross-border banking infrastructure or international cards. Instead, they benefit from direct settlement, meaning that fiat can convert to crypto almost immediately, streamlining the entire process.
Words from Bitget’s CMO
“Local payment access is one of the most important enablers of real crypto adoption,” stated Jamie Elkaleh, CMO of Bitget Wallet. The partnership reflects this philosophy, putting emphasis on an intuitive experience that leverages already-favored local financial apps and wallets.
Bridging Fiat and Crypto
By eliminating heavy reliance on international cards and slower banking channels, Bitget Wallet aims to reduce the barriers that can inhibit widespread crypto use. With people able to use their everyday banking apps and mobile wallets to purchase cryptocurrencies in real time, global adoption inches closer to practicality, supporting the broader vision of seamless financial interaction for crypto enthusiasts and newcomers alike.
