Visa and Mastercard instant deposits now available on Bitget platform.
Bitget, a leading cryptocurrency exchange, has introduced a new conversion payout feature, allowing users to instantly convert their cryptocurrencies like Bitcoin and Ethereum into fiat currency and deposit the funds directly onto their Visa or Mastercard accounts in real-time.
Key Benefits of the Visa and Mastercard Payout Feature
The new feature offers several benefits that simplify off-ramping:
- Instant Crypto-to-Cash Conversion: Users can convert crypto to fiat instantly and have it deposited directly onto their payment cards without waiting for bank processing or intermediary delays.
- Wide Currency and Geographic Support: The feature supports more than 140 fiat currencies and works globally, making it easier for users worldwide to access their converted funds.
- Reduced Operational Friction and Risk: By removing the need for third-party intermediaries such as P2P platforms, the process reduces transaction risk, improves success rates, and enhances reliability.
- Integration within Bitget’s Ecosystem: The payout can be accessed directly from Bitget's platform ("Buy & Sell Crypto" page), streamlining the user journey with no complex manual steps.
- Support through Bitget Wallet Card: Bitget’s crypto debit card also offers native crypto-to-fiat conversion at the point of transaction, combining this instant conversion with seamless spending through Visa and Mastercard networks.
A Step Towards Real-World Use of Digital Assets
Gracy Chen, CEO at Bitget, emphasized the importance of simplifying cryptocurrency use in daily life. The Visa and Mastercard payout feature is a crucial step towards making digital assets more functional for real-life utility.
This latest update is another effort by Bitget to remove barriers between digital assets and real-world use, continuing its commitment to expanding crypto’s utility for global everyday transactions. With the Visa and Mastercard payout feature, users can now manage, convert, and spend their crypto with the same ease as any fiat account on Bitget.
[1] Source: Bitget Press Release
[2] Source: Bitget Blog Post
[3] Source: Bitget Wallet Card Information
[4] Source: Bitget Blog Post
The Visa and Mastercard payout feature, introduced by Bitget, allows users to convert their cryptocurrencies into fiat currency instantly, increasing the real-world utility of digital assets within the realm of finance. This pioneering advancement in technology simplifies the process of off-ramping, offering a more seamless integration of cryptocurrency with traditional financial systems.
