Bitget Wallet Introduces 2025 PayFi Strategy for Real-World Blockchain Payments

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Bitget Wallet has disclosed its PayFi strategy, which aims to convert crypto wallets into dynamic financial ecosystems by revolutionizing real-world blockchain payments.

In an effort to revolutionize real-world blockchain payments, Bitget Wallet, a prominent Web3 non-custodial wallet, has disclosed its ambitious PayFi strategy. The objective of this strategy is to revolutionize the manner in which users interact with their finances, thereby establishing cryptocurrency as a practicable and viable financial asset for everyday use.

By bridging the divide between blockchain innovation and real-world usability, Bitget Wallet is positioning itself as a financial superapp, with a user base of over 60 million.

The PayFi Flywheel, a revolutionary feature that transforms crypto wallets from passive storage tools to dynamic financial ecosystems, is the foundation of Bitget’s strategy. In real time, users have the ability to deposit assets such as stablecoins into high-yield savings accounts, thereby enabling them to manage their finances smoothly.

The Flywheel allows users to apply these yields to expenses, thereby facilitating a “Buy Now, Pay Never” model in which DeFi-generated yields cover a portion of the costs.

The Bitget Wallet Card, a crypto card that is supported by Mastercard and is linked to a multi-currency international bank account, is a fundamental component of the PayFi initiative. This card facilitates seamless international transactions by offering competitive exchange rates.

One of the objectives of the Bitget Wallet Card is to guarantee seamless payments worldwide by offering unparalleled convenience and adaptability.

Bitget Wallet is establishing an in-app purchasing ecosystem by collaborating with organizations such as Triple A, Bitrefill, IvendPay, PundiX, and Coinpal.

This ecosystem enables users to spend crypto on a variety of services, including the purchase of gift cards for popular brands such as Apple and Amazon, the bolstering up of mobile credits, and the making of in-store payments through QR codes or blockchain-powered Point-of-Sale (PoS) systems.

Additionally, Bitget Wallet’s PayFi strategy emphasizes the provision of financial tools that are easily accessible to underserved regions, thereby empowering them. Alvin Kan, the Chief Operating Officer (COO) of Bitget Wallet, emphasized the increasing demand for DeFi solutions in regions with restricted banking access.

User numbers increased by more than 1000% in regions such as Africa, the Middle East, and Latin America last year, which was primarily due to high inflation and limited banking services. PayFi’s objective is to satisfy this expanding demand by offering decentralized financial solutions.

Also Read: Thailand’s people are against the former prime minister’s plans to legalize crypto and gaming

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