The Bitget wallet will be the first digital wallet to integrate with PayDify, allowing users to make Stablecoin payments with selected physical and online merchants.
According to a press release sent to crypto.news, the non-lawful crypto wallet is partnering with Crypto Payment Service PayDify to facilitate payments for Stablecoin. The integration allows merchants to accept Stablecoin Payments from users via the PayDify platform.
Through integration, users can pay using Tether (USDT) and USD Coin (USDC) with physical and online merchants selected via PayDify. The merchant will receive an instant settlement on stubcoin without the need to create an account with another crypto exchange or bitget itself. So far, the integration has processed thousands of transactions during the test phase.
With the goal of having more than 10,000 merchants worldwide, users will soon be able to pay for Stablecoin in industries such as retail, travel, hospitality, gaming, and e-commerce. As partnerships expand to more merchants, PayDify also aims to increase token support and compatibility with additional wallets in the hopes of allowing daily payments with any token in the chain.
You might like it too: MasterCard will work with Kraken to expand crypto payment services across Europe
Meanwhile, the partnership is in line with Bitget Wallet’s broader payments financial strategy. It aims to expand Crypto’s utilities from value stores to financial tools used to make daily payments to make them more mainstream and accessible.
Bitget Wallet COO Alvin Kan highlighted the partnership’s goal of promoting crypto payments for more than 10,000 merchants worldwide over the next few years. He also emphasized the importance of enabling stable payments at the point of sale for the wider adoption of crypto.
“Our goal is to make Crypto easier to use for everyday needs, and PayDify helps reduce the complex merchant’s face. By integrating open payment layers, we approach this goal,” Kan said.
According to the company’s latest report, 31% of global users cite limited merchant acceptance as one of the main obstacles that hinder Crypto’s use.
Pakning Luk, Strategy Director at PayDify, said the platform aims to fill this gap by offering immediate payments through its partnership with Bitget Wallet and minimizing onboarding complexity.
“Crypto should work as easily as mainstream payment methods. Our aim is to provide a seamless, reliable framework for digital asset payments that meet the needs of both users and businesses,” Luk said.
You might like it too: Futures trading that comes to tokenized gold spots and Bitget wallets
