Mastercard joins forces with Bitget Wallet to release zero-fee crypto cards

Bitget Wallet combines with Mastercard and its immersve license program to launch new cryptographic cards that allow cheap payments directly from the digital portfolio.

According to a press release sent to Crypto.News, the Crypto card is available directly via the Bitget Portfolio application and support payments in real time via exchanges and deposit features on chain. It allows users to make payments directly via digital wallets to more than 150 merchants around the world who accept MasterCard payments.

The new crypto cards will first be published in certain regions, starting with the United Kingdom and the European Union. Companies plan to extend its usefulness to parts of Latin America,, Australia And New Zealand In the coming months that have followed its launch.

Using the “Digital First” feature of the payment giant, users can request digital cards and receive theirs in a few minutes. Once the request has been approved, the card will be added to their mobile walletsReady to be used in physical and online merchants.

Supported by the MasterCard license transmitter, immersve, transactions are adjusted on the chain by directly converting the crypto to Fiat. The process complies with the regulatory compliance of the payment company, which includes Know your customer And Anti-Arone whitening requirements.

Executive vice-president, Global Partnerships At Mastercard, Scott Abrahams, said that the partnership with Bitget Wallet marks a major step to bring digital assets closer to general adoption. He thinks that digital wallets become the norm, similar to email addresses.

“We are committed to working with innovative companies like Bitget Wallet and immersve to make cryptographic transactions simple, secure and accessible on a large scale,” said Abrahams.

CMO with Bitget Wallet, Jamie Elkaleh, echoes the feeling of Abrahams. He said that there was now an increase in the demand for public cryptography services in the real world, and the partnership of the digital portfolio company with Mastercard and immersve is used to “make this vision a reality”.

“Crypto payments must be as transparent and secure as traditional transactions. With this partnership, Bitget Wallet users can now pay with Crypto anywhere Mastercard is accepted,” said Elkaleh.

More recently, Mastercard in partnership With ChainLink to offer to activate direct chain cryptography purchases via out chain payments to more than 3 billion users. Earlier in June, the payment card company foreseen that all of its transactions in the EU will be token by 2030.