The partnership of Bitget and Paydify Wallet will strategically launch a new milestone toward the advancement of day-to-day use of cryptocurrency. This partnership utilizes the Bitget Wallet, which is one of the Web3 non-custodial wallets, enhancing its users’ ability to make automatic stablecoin payments at a growing number of brick-and-mortar and online shops. Of primary concern to the partnership is groundbreaking Seamless Grabbing Solutions and strategic decentralization of the digital Paydify assets. In addition to becoming the first integrated wallet partner of Paydify, Bitget also joins the vast network of online merchants Paydify offers.
Creation of Smooth Instant Payments for Users and Merchants
In response to the user experience problem, Bitget has provided worry-free stablecoin payments to merchants with whom he has established partnerships, starting from USDT and USDC, through cryptocurrency payment gateways. The merchant network expansion strategically offers new ways to spend digital assets while both digital asset holders and merchants benefit from new systems. With this integration, the merchants stand to increase their customers at no additional cost.
With this integration, merchants can settle transactions with stablecoins in real time and do not need to maintain any complicated blockchain-based proprietary systems. This removal of technical barriers and concerns over volatility will allow for much greater adoption of cryptocurrency payments by merchants. The completion of over ten thousand transactions during the pilot phase of this partnership demonstrates the promise and efficiency of the integrated payment solution. The system now awaits international rollout, prioritizing retail, travel and hospitality, gaming, and e-commerce.
Bitget Wallet’s Vision: Increasing the Advantage of Cryptocurrency
This cooperation is a proactive aspect of Bitget Wallet’s vision in PayFi as it relates to extending the scope of engagement with cryptocurrency to real-world applications beyond holding and trading. As Alvin Kan, COO of Bitget Wallet, stated, “
Paydify’s Solution: Solving Payments Silos Problems
Paydify was specifically designed to mitigate fragmentation within the landscape of cryptocurrency payments that bottlenecks merchants’ cross-blockchain and wallet interoperation to leverage pay-as-you-go efficiency. Paydify fills this gap through the construction of a single seamless plug-in gateway interface system within the business that can accept a cryptocurrency payment from any wallet; thus, bespoke integration is not needed.
Expand the Tesla Migration Terminal, embracing Paydify, and merchants are further incentivized to adopt Paydify by the settlement fee exemption to the Tesla Migration Terminal on the Bitget Wallet.
As its name suggests, pilot expansion will allow these merchants, who are the businesses onboarded on Paydify through Bitget Wallet, to use certain features early. Incentive to onboard Bitget Wallet consumers via merchant payment gateways enables users to utilize their stablecoins, which stimulates a healthy ecosystem.
We’ve Accomplished Something.
This marks yet another accomplishment in the direction of seamless incorporation of crypto assets into daily life. Paydify’s collaboration with Bitget Wallet changes the payment business model for both payers and service providers, which is a substantial milestone on the way to global cryptocurrency adoption.
