tl;dr
Bitget Wallet has introduced PayFi, a platform aiming to bridge the traditional financial system with blockchain technology. PayFi enables storage, spending, and transfer of digital assets, making cryptocurrency more accessible for everyday use. It offers features like stablecoin deposits, simplifie...
Bitget Wallet has introduced PayFi, a platform aiming to bridge the traditional financial system with blockchain technology. PayFi enables storage, spending, and transfer of digital assets, making cryptocurrency more accessible for everyday use. It offers features like stablecoin deposits, simplified international transfers, and integration with the Bitget Wallet financial card. The platform plans to expand its services in 2025, including a global merchant network expansion, deeper DeFi integration, and scaling of wallet card and banking services. PayFi aims to make cryptocurrency a seamless part of everyday financial activities.
PayFi is a multifunctional platform designed to store or trade cryptocurrency and facilitate real-world applications. It enables everything from purchasing goods and services to sending digital gifts or making international transfers. The platform aims to make cryptocurrency more accessible and practical for everyday use.
Key aspects of PayFi include:
- Stablecoin Deposits: Users can deposit stablecoins like USDT and USDC through yield-generating DeFi protocols. They can then stake them to earn rewards and use them for daily expenses.
- Simplified International Transfers: The platform enables seamless international transfers and digital gift transfers with minimal fees.
- Bitget Wallet Financial Card Integration: PayFi supports global payments via the Bitget Wallet financial card, which features multi-currency accounts and a Swiss IBAN.
Bitget Wallet plans to expand PayFi in 2025 by introducing new features and broadening its global reach. Key milestones include:
- Global Merchant Network Expansion: Enabling users to pay for goods and services with cryptocurrency anywhere in the world.
- Deeper DeFi Integration: Offering more opportunities to generate income from stable assets through advanced DeFi solutions.
- Scaling the Wallet Card and Banking Services: Extending coverage to more regions, making crypto-friendly financial services accessible to a wider audience.
To strengthen the PayFi ecosystem, Bitget Wallet has partnered with crypto payment specialists like Triple-A, Coinpal, Bitrefill, IvendPay, and PundiX. The focus remains on practicality and accessibility, ensuring that digital assets become a natural part of everyday life.