Bitget Wallet partners with Paydify to enhance global crypto payment acceptance. Users can now pay with stablecoins like USDT and USDC at selected merchants without complicated blockchain setups. The service aims to broaden practical digital asset usage across various industries, while supporting future token compatibility. Paydify hopes to unify crypto payments and reduce onboarding hurdles for merchants.
In a significant move for digital payments, Bitget Wallet has partnered with Paydify, a universal crypto payment gateway. This collaboration marks Bitget Wallet as Paydify’s first wallet integration partner, with the aim of streamlining cryptocurrency acceptance for merchants. Now, merchants can accept payments in stablecoins such as USDT and USDC, thereby broadening the usage of digital assets in various real-world contexts.
Users of Bitget Wallet will have the capability to make payments at selected physical and online merchants who utilise Paydify’s payment infrastructure. A key advantage is that merchants will receive instant settlements without needing to handle complications related to blockchain technology. The pilot phase has already seen thousands of transactions successfully processed, and there are plans for the service to expand its reach into various industries including retail, travel, gaming, and e-commerce.
Bitget Wallet’s partnership with Paydify aligns with its overarching PayFi strategy, which transcends merely holding or trading cryptocurrencies. It emphasizes facilitating active crypto usage in day-to-day situations. In a statement, Bitget Wallet’s COO, Alvin Kan, commented on the partnership: “Our aim is to make crypto more usable for everyday needs, and Paydify helps reduce the complexity merchants face.” He also added that Bitget intends to support over 10,000 global merchants in the coming years.
Paydify itself was created to tackle the longstanding issues related to fragmentation in crypto payments, a challenge that often stifles merchant adoption. The platform allows businesses to accept cryptocurrencies from any wallet without needing specific integrations. A recent Onchain Report revealed that 31% of global users cite limited merchant acceptance as a major barrier to using cryptocurrencies for payments, and Paydify’s objective is to address this by offering instant settlements and simplified onboarding processes.
Pakning Luk, Director of Strategy at Paydify, expressed optimism about the integration, stating, “Our collaboration with Bitget Wallet allows us to test and enhance a merchant-focused payment experience in real conditions.” Luk reinforced the vision of a seamless digital payment experience, similar to mainstream payment systems.
To assist merchants interested in onboarding, Bitget Wallet is offering waived settlement fees and early access to features during the pilot period for businesses that register through them. Merchants looking for more details can apply via the provided link: https://www.paydify.com/en/sign_up.
On the Bitget Wallet side, it is a non-custodial crypto wallet that seeks to make interacting with cryptocurrencies more accessible. It currently services over 60 million users by providing a range of features including swaps, staking, a DApp browser, and crypto payments. Supporting more than 130 blockchains and numerous DApps, its robust security is backed by a user protection fund of over $300 million. For more information about Bitget Wallet, interested parties can explore their various social media platforms.
Paydify, on the other hand, promotes itself as an all-encompassing gateway for crypto transactions. Its mission is to create a cohesive payment experience across various blockchain networks, thereby making digital payments accessible for all kinds of businesses, whether online or offline. Details about Paydify can also be found on their website and LinkedIn page.
