On December 20th, Bitget and Fiat24, a fintech company that creates innovative financial solutions using blockchain technology, came together to form a strategic partnership.
Advancing the PayFi Ecosystem
The collaboration aims to transform the cryptocurrency payment landscape by exploring PayFi (Payment and Finance) solutions for major cryptocurrencies like Ethereum (ETH) and Bitget’s native token (BGB), as well as stablecoins such as USD Coin (USDC).
The partnership seeks to bridge the gap between traditional and decentralized financial systems, offering users a seamless and secure payment experience.
The partnership between Bitget and Fiat24 comes as both companies are making notable strides in the PayFi space. Bitget has already launched services like Bitget Pay and the Bitget Card, designed to enhance the accessibility and usability of crypto assets.
Bitget Pay enables users to make low-fee, instant crypto payments, facilitating fast and efficient transactions within the crypto space. Additionally, the Bitget Card, which functions as a globally accepted debit card, allows users to convert their crypto holdings into fiat currency for real-world transactions.
What Does Fiat24 Bring to the Table?
Now, Fiat24 provides a regulated Swiss-based payment system that is accessible in more than 65 nations and territories. Users can easily access cryptocurrency funds with a Mastercard debit card and a crypto-friendly Swiss offshore bank account through Fiat24’s blockchain-powered platform.
This solution prioritizes transparency, security, and user ownership, making it an attractive choice for cryptocurrency users looking for reliable financial services.
Bitget and Fiat24 want to increase the practical uses of ETH, BGB, and stablecoins. They are especially interested in boosting the global use of PayFi solutions. Their combined expertise in cryptocurrency exchange, blockchain technology, and fintech will drive further innovation in the industry and offer users more accessible payment options.
Bitget’s Vision for the Future
Gracy Chen, CEO of Bitget, expressed excitement about the partnership, highlighting its potential to make a significant impact on global financial inclusion. “We are excited to collaborate with Fiat24 to advance crypto payments and simplify access to financial services for users worldwide, especially the unbanked,” Chen said.
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“PayFi will be one of Bitget and BGB’s long-term strategies and a key approach to enhancing the real-world impact of crypto assets. Together with our partners, we envision a future where crypto payments become the norm.”
Bitget’s Latest Developments
In addition to its partnership with Fiat24, Bitget recently launched a limited-time rewards campaign in collaboration with Morph, a consumer-focused Layer-2 blockchain.
By performing specific activities on the Morph mainnet, users can enter to win a prize pool of 70,000 Morph Points and $20,000 USDT from December 20, 2024, to January 20, 2025.
Bitget’s native token, BGB, has also been on a remarkable upward trajectory. Earlier this month, BGB broke through the $3.6 resistance level, setting a new all-time high. As of now, the token is valued at $3.77, although it has seen a 20% drop in the past 24 hours.
Despite the short-term fluctuations, BGB’s overall growth and the growing interest in Bitget’s services suggest a promising future for the platform and its users.
A Bright Future for Crypto Payments
The Bitget-Fiat24 partnership marks a significant step forward in making crypto payments more mainstream. By offering a blend of secure, blockchain-based banking solutions and real-world usability, both companies are positioning themselves at the forefront of a rapidly evolving financial ecosystem.
As the demand for crypto adoption continues to rise, this strategic collaboration could serve as an example for the next generation and upcoming crypto payment systems, enhancing the global reach and utility of decentralized financial services.
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