Bitget Wallet becomes the first digital wallet to integrate itself with Paydify, allowing users to make stablecoin payments at select physical and online merchants.
According to the press release sent to crypto.news, the non-custodial crypto wallet has partnered with crypto payment service Paydify to facilitate stablecoin payments. The integration enables merchants to accept stablecoin payments from users via the Paydify platform.
Through the integration, users will be able to pay using Tether (USDT) and USD Coin (USDC) at select physical and online merchants via Paydify. Merchants receive instant settlement in stablecoins without needing to create an account on a separate crypto exchange or Bitget itself. So far, the integration has processed thousands of transactions during its testing phase.
With a goal to onboard more than 10,000 merchants globally, users will soon be able to make stablecoin payments across industries such as retail, travel, hospitality, gaming and e-commerce. As the partnership extends to more merchants, Paydify also aims to expand token support and compatibility with additional wallets, with hopes of one day enabling payments in any token on any chain.
On the other hand, this partnership aligns with Bitget Wallet’s broader payment finance strategy, which aims to expanding crypto’s utility from a store of value to a financial tool used to make everyday payments in order to become more mainstream and accessible.
COO of Bitget Wallet, Alvin Kan highlighted the partnership’s goal to facilitate crypto payments for more than 10,000 merchants all over the world in the next few years. He also emphasized the importance of making stablecoin payments possible at the point of sale for the wider adoption of crypto.
“Our goal is to make crypto more usable for everyday needs, and Paydify helps reduce the complexity merchants face. By integrating an open payment layer, we’re moving closer to this goal,” said Kan.
According to the firm’s latest report, 31% of global users cite limited merchant acceptance as one of the main obstacles barring them from using crypto.
Director of Strategy at Paydify, Pakning Luk, stated the platform aims to bridge this gap by offering instant settlement and minimizing onboarding complexity through its partnership with Bitget Wallet.
“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,” said Luk.
