On August 8th, Cryptocurrency exchange and Web3 destination, Bitget unveiled a major feature upgrade enabling users to exchange cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) for fiat currency and directly credit it into their Visa or Mastercard account in real time.
The new feature aims to provide off-ramping, the movement of crypto back to fiat, faster and more convenient than regular bank transfers or P2P swapping.
By eliminating intermediaries, Bitget is now allowing instant fiat deposits to payment cards, effectively shortening settlement times from days to seconds and reducing operational friction for worldwide users.
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Extended Fiat Support for Global Accessibility
The upgrade also accepts over 140 fiat currencies, including USD, EUR, GBP, CAD, AUD, and JPY, among many others, making users worldwide more easily accessible with their funds.
It’s a straightforward process: users can visit Bitget’s “Buy & Sell Crypto” page, click on the “Sell Crypto” link, select their preferred Visa or Mastercard, and get fiat in real-time without banking delay.
The approach offers a faster and safer method compared to existing off-ramp solutions, enabling retail investors and enterprises to conveniently access liquid capital from their crypto holdings.
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Bitget’s Quest for Mainstream Adoption of Crypto
Bitget CEO Gracy Chen stressed that bringing crypto into everyday life entails making it as easy to use as traditional money. She said, “Our new instant card payouts aim to reduce off-ramp friction and turn your $BTC and $ETH into real-world spending power instantly and seamlessly.”
Visa and Mastercard’s global acceptance makes them the perfect carrier for this technology.
The real-time card payout system alleviates common third-party risks in P2P channels, allowing for greater reliability, speed, and success rates of transactions.
It also reinforces Bitget’s long-term vision of narrowing the distance between cryptocurrency and traditional finance and enabling them to flow better together.
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Improving the Crypto-to-Fiat Ecosystem
The launch is also part of Bitget’s broader strategy for improving fiat accessibility on its services.
Over the last few months, the platform has added more on-ramp and off-ramp channels, boosted processing speeds, expanded supported currencies, and introduced local payment channels.
All these are meant to make using and spending crypto as simple as using any standard banking service.
In this way, Bitget becomes an exemplary case of practical, everyday crypto utility, a significant milestone towards mass adoption.
Previous Milestones Have Sustained Growth
Building atop recent arrangements, the new real-time conversion integration completes Bitget’s series of offerings.
On May 27th, the exchange launched BGUSD, a stablecoin backed 1:1 by USDC and representing tokenized real-world assets like U.S. Treasuries, offering users up to 5% promotional APY.
July 1st saw the collaboration of Bitget Wallet with Mastercard for the issuance of a crypto payment card that can be used at close to 150 million merchants worldwide, with an on-chain conversion via Immersve.
With these walkways, Bitget slowly but steadily marches toward the actual integration of cryptocurrency into everyday spending, saving, and investing, a vision further solidified with its new instant crypto-to-cash conversion system.