Bitget Wallet has unveiled a USD-based cryptocurrency payment card in Brazil, signifying its initial foray into Latin America’s payments sector.

Mastercard-Backed Card via Immersve Collaboration

This Mastercard-branded card is a joint project with digital payments platform Immersve. It allows users to make purchases using cryptocurrency at merchants accepting Mastercard worldwide.

Issued digitally within the Bitget Wallet mobile app, this card leverages Mastercard’s Digital First technology for instant activation. Users can easily top up their balance with USDC stablecoin and utilize Apple Pay or Google Pay for seamless spending experiences. There are no transaction fees when paying in USD, nor do users face charges during top-ups.

Expansion Strategy Across Latin America and Asia-Pacific

Bitget Wallet intends to roll out this card offering in several additional countries including Argentina, Mexico, Colombia, Chile, Peru, and Guatemala. Future expansion into the Asia-Pacific region is also on the horizon.

Representatives from Bitget Wallet have highlighted the product as a valuable tool for individuals holding stablecoins who wish to circumvent the volatility of local currencies. Users can make direct USD payments without needing a local bank account or converting fiat currency, providing convenience and enhanced usability.

According to officials from Immersve, Latin America’s significant adoption rate of cryptocurrencies makes it an ideal location for testing blockchain-based payment infrastructure. Bitget Wallet representatives believe the region presents a natural entry point for their global payments strategy due to high demand for practical cryptocurrency spending options.

This card is part of Bitget Wallet’s broader efforts to enhance its financial services and payments features, which also include in-app shopping capabilities and integrated earning tools. These additions aim to improve the overall utility of their non-custodial wallet for users.