Paydify, a global cryptocurrency payment gateway, has formally integrated with Bitget Wallet, a well-known non-custodial Web3 wallet, per market reports.
Its collaboration is a big step toward the widespread acceptance of cryptocurrency payments since Bitget Wallet is the first digital wallet to interface with Paydify.
The integration closes the gap between decentralized finance and actual commerce by enabling Bitget Wallet users to pay with stablecoins directly at partner online and physical retailers.
What Does The Partnership Provide?
The partnership seeks to provide a smooth, safe, and effective payment experience while streamlining and growing the use of stablecoins in everyday transactions.
Businesses profit from a simple-to-implement system that facilitates payments with digital assets, and consumers appreciate the ease of using cryptocurrency in routine situations, such as online shopping and eating out.
This action is in line with both businesses’ overarching goal of enhancing the general public’s ability to access and utilize Web3 technologies.
As stablecoins continue to gain popularity due to their usefulness and price stability, Bitget Wallet and Paydify’s integration demonstrates how digital assets may be used for purposes other than speculating.
The usage of crypto-powered payments across industries is anticipated to increase with the upcoming merchant partnerships and wallet integrations.
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New Partnership to Help Blend Stablecoins
Tether (USDT) and USD Coin (USDC), two well-known stablecoins, can now be used to make payments at a few online and physical retailers thanks to the new Bitget Wallet and Paydify integration.
Merchants may accept cryptocurrency payments using this user-friendly approach without having to register for a Bitget account or sign up for a cryptocurrency exchange.
Rather, stablecoins are used to settle payments quickly, which streamlines the procedure and lowers corporate friction.
The integration successfully handled thousands of transactions throughout its testing phase, indicating both high customer demand and system dependability.
As a result, stablecoin payments will be more widely accepted in regular business transactions.
New Collaboration Stays in Tandem With Bitget’s Expansion Vision
This collaboration is a key part of Bitget Wallet’s broader PayFi strategy, which aims to transition crypto from passive holding and trading to active use in everyday transactions.
“Our mission is to make crypto practical for daily life, and Paydify simplifies the process for merchants,” said Alvin Kan, COO of Bitget Wallet.
He add, “By integrating an open payment infrastructure, we’re making significant progress toward that vision.”
He also stated that Bitget Wallet is among the first major wallets to bring stablecoin payments directly to the point of sale and outlined an ambitious goal to support over 10,000 merchants worldwide in the coming years.
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