Bitget and Fiat24 partner to make crypto payments easier. They will bridge traditional finance with decentralized systems for global accessibility.
Bitget, a leading cryptocurrency exchange and Web3 company, has formed a strategic partnership with Fiat24, a Swiss-regulated fintech company. This collaboration will help to explore new PayFi (Payment + Finance) solutions for Ethereum ETH and Bitget Token BGB, stablecoins such as USD Coin USDC and more. The objective of this partnership is to bring together the advantages of traditional finance. It will also offer convenience offered by the decentralized financial systems through easy, secure and efficient payment options.
According to the press release, Bitget adds two important services in the PayFi space. The first, Bitget Pay, enables users to make instant low fee crypto payments. Second, the Bitget card allows users to pay with crypto they have converted to fiat. The card is a usable debit card supported across the globe enabling the crypto to be used anywhere similar to a debit card. These products demonstrate Bitget’s dedication to bringing crypto to more people in more practical ways.
On the other hand, there is Fiat24, a Swiss payment system used in 65 countries. It also offers users a Swiss offshore bank account offered by a crypto-friendly bank and a Mastercard debit card. Blockchain is utilized to secure, provide transparency, and give users ownership.
Bitget and Fiat24 Work to Make Crypto Payments as Common as Credit Cards
Bitget and Fiat24 aim to broaden the ETH, BGB and stable coin use through this collaboration. Moreover, they are trying to ease and improve the use of crypto payments worldwide. This alliance is intended to make crypto accessible in everyday transactions and integrate digital asset into the global economy.
Bitget CEO Gracy Chen was excited about the partnership. PayFi can make it simple for the unbanked to access financial services, she believes. Bitget focus on PayFi (short for ‘pay with fiat’) was a long- term strategy to make crypto payments part of daily life, she said.
Bitget and Fiat24 aim to make crypto payments more accessible and practical for people around the world, together. The companies aim to join the traditional financial world to the blockchain ecosystem to develop a future where cryptocurrency payments become as frequent as making a credit card payment.
