- Bitget Wallet becomes Paydify’s first wallet partner to enable stablecoin payments (USDT, USDC) across online and physical merchants, offering instant settlements and simplified blockchain integration.
- The partnership supports Bitget Wallet’s PayFi strategy, aiming to drive real-world crypto adoption across industries like retail, travel, and gaming by eliminating technical barriers for merchants.
- With over 60 million users and 130+ blockchain support, Bitget Wallet is scaling crypto usability globally, waiving pilot settlement fees and enabling payments from any wallet without custom integrations.
According to an announcement from Bitget Wallet, it has joined the ranks of Paydify’s official first wallet integration partner. The company says this move is meant to streamline the crypto payment infrastructure and to open up more use of the digital assets in the real world, as indicated by the press release.
This integration allows Bitget Wallet users to make stablecoin (USD Coin and Tether) payments using Paydify’s platform. Merchants receive instant stablecoin settlements for these payments, which are taken online and at some physical retail locations. The integration was designed to allow merchants to avoid the complexity of managing complex blockchain configurations.
USDT capitalizes at $148.7 million, whereas USDC’s is $61.49 billion.
This is part of Bitget Wallet’s successful effort to integrate more crypto payments to support thousands of merchants worldwide. This effort includes Bitget Wallet’s waiver of settlement fees for businesses onboarded during the pilot period and ensuring businesses have early access to new features during the initial phase. The company said thousands of transactions have already occurred during the pilot phase.
Bitget Wallet Targets Global Industry Payment Adoption
Bitget Wallet’s vision is to serve its global audience and the potential of this application across various industries, including retail, travel, hospitality, gaming, and e-commerce. The company also plans to add more token support and improve compatibility with other wallets to enable ‘payments in any token on any chain.’
Bitget Wallet Chief Operating Officer Alvin Kan says, ‘Our mission is to make crypto easier for the ordinary to get to everyday use.’ Paydify makes the complexity merchants face easier to deal with. “‘We’re moving a bit closer to that,’” added. “With an open payment layer integrated into it.”
The echo resonates with the importance of this collaboration, as felt by Paydify’s Director of Strategy, Pakning Luk. “This is a test and refinement of a merchant payment experience in real conditions, allowing us to integrate them and try.” Crypto should be as simple as any primary payment method. He said we aim to provide a convenient and dependable digital asset payment framework to satisfy both sides’ requirements.
Fragmentation Remains a Barrier to Crypto Adoption
As per the announcement, a key challenge for broader crypto payment adoption is fragmentation across chains and wallets. Paydify solves this problem by allowing users to receive payments from any wallet without the need for custom integrations. It also offers instant settlements and is simple to onboard.
Moreover, the integration is a central component of strategies announced by Bitget Wallet late last month, PayFi, to further develop Bitcoin and crypto beyond holding and trading into actual-world practical usage. Bitget Wallet, says the company, is also among the first major crypto wallets to facilitate transactions through point-of-sale payments in the revolve of a stablecoin.
Currently, Bitget Wallet supports over 130 blockchains, has access to 20,000 decentralized apps, and allows trading over 1 million tokens. It has a user base of more than 60 million and comes with a $300 million user protection fund.
The wallet’s ecosystem features all the stations, such as token swaps, market analysis, staking, rewards, an app browser, and crypto payment. The statement also notes that it makes seamless multi-chain trading possible on hundreds of decentralized exchanges (DEXs) and across cross-chain bridges.
