Visa and Mastercard payments now support immediate deposits on Bitget platform.
In a significant move aimed at making digital assets more functional for everyday use, Bitget has launched a new payout feature that allows users to instantly convert their crypto assets into fiat currencies and deposit funds directly onto their Visa or Mastercard.
This upgraded feature offers a faster and more secure alternative to bank transfers and peer-to-peer transactions. Users can sell their crypto and receive fiat instantly, without waiting periods or bottlenecks tied to banking networks.
The payout feature supports over 140 fiat currencies, including USD, EUR, GBP, CAD, AUD, and JPY, providing worldwide access. It is accessible through Bitget's "Buy & Sell Crypto" page.
Gracy Chen, CEO at Bitget, stated that the goal is to make crypto as simple to use as traditional money. The Visa and Mastercard payout feature is part of a global strategy to improve fiat accessibility across the Bitget ecosystem.
Bitget's collaboration with Visa and Mastercard institutions enables users to convert Bitcoin and Ethereum directly into fiat currencies and charge these amounts on their cards. The card-based payout removes intermediary delays, enabling real-time deposits.
The feature aims to remove barriers between digital assets and real-world use, enabling users to manage, convert, and spend their crypto with the same ease as any fiat account. Additionally, the payout feature eliminates third-party risks often associated with P2P platforms.
Recent updates have expanded on-ramp and off-ramp options with faster processing, increased currency support, and local payment integrations. The Visa and Mastercard payout feature is a streamlined off-ramp process using existing credit and debit card channels.
This crucial step towards making digital assets more functional for real-life utility is set to revolutionise the way users interact with their digital assets, making Bitget a leading platform in the crypto space.
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