Bitget Wallet and Paydify Partner to Expand Everyday USDT, USDC Payments

Non-custodial Bitget Wallet has announced its integration with the universal crypto payment gateway Paydify. It is now Paydify’s first wallet integration partner.

According to the press release, this integration allows merchants to accept stablecoin payments from Bitget Wallet users. They can pay through Paydify’s infrastructure with Tether (USDT) and USD Coin (USDC) at select online and physical merchants.

USDT’s current market cap is $148.7 million, while USDC stands at $61.49 billion.

Meanwhile, the merchants receive instant settlement in stablecoins. The process does not require managing “blockchain-specific setups,” the team says.

The company wants to enable crypto payments at over 10,000 merchants globally. Therefore, to support merchant onboarding, Bitget Wallet will waive settlement fees for businesses that sign up during the pilot period. It will also give them early access to upcoming features.

Speaking of which, the team says that it recorded thousands of transactions in the pilot phase.

Also, BitGet Wallet plans to expand its service globally and across industries, including retail, travel, hospitality, gaming, and e-commerce.

Furthermore, it’ll expand token support and compatibility with additional wallets. The goal, it says, is to enable “payments in any token on any chain.”

Overall, the integration with Paydify aims to streamline crypto payment infrastructure and grow the practical use of digital assets in everyday settings, the announcement notes.

Per Bitget Wallet COO Alvin Kan, “our goal is to make crypto more usable for everyday needs.” Therefore, “Paydify helps reduce the complexity merchants face. By integrating an open payment layer, we’re moving closer to this goal.”

Pakning Luk, Director of Strategy at Paydify, adds that the integration “provides the opportunity to test and refine a merchant-focused payment experience in real conditions. We believe crypto should work as easily as any mainstream payment method. Our aim is to offer a seamless and reliable framework for digital asset payments that meets the needs of both users and businesses.”

Paydify says it works to address crypto payments fragmentation. Chain and wallet compatibility tend to be obstacles to merchant adoption, it argues.

Furthermore, the announcement cited the latest Onchain Report, stating that 31% of global users say limited merchant acceptance is a key barrier to using crypto for payments.

On the other hand, Paydify allows businesses to accept crypto from any wallet without custom integration. It also offers instant settlement and minimizes onboarding complexity.

Your crypto just became real money! @BitgetWallet + @paydifycom now lets you spend $USDT & $USDC anywhere, instantly!

Scan. Pay. Done. No crypto jargon. No merchant headaches.

The wallet-to-real-world bridge you've been waiting for is here! pic.twitter.com/LrQY2QZaFw

Now, Bitget Wallet has become its first integration partner. The move is also a part of the wallet’s recently announced PayFi strategy. The goal is to grow crypto from only holding and trading to active usage in real-world scenarios.

COO Kan states that Bitget Wallet is one of the first major wallets to implement a stablecoin payment use case at the point of sale.

It has over 60 million users, supports more than 130 blockchains, 20,000 dapps, and a million tokens, and it’s backed by a $300 million user protection fund.

The wallet’s full suite of crypto services includes swaps, market insights, staking, rewards, a dapp browser, and crypto payment solutions, while it also enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, the announcement says.

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