Mastercard, Bitget Wallet, and Immersve are introducing a zero-fee crypto card that allows users to spend their cryptocurrency at over 150 million merchants worldwide.
The card can be accessed through the Bitget Wallet app, which has more than 80 million global users. It supports real-time funding via on-chain swaps and deposits. Users can also benefit from optional features such as transaction-based rewards, yield on idle balances, and one-time bonuses for identity verification.
Utilizing Mastercard Digital First technology, users can apply for the card online and quickly add it to their mobile wallets for use at both physical and online retailers. Powered by Immersve, a Mastercard-licensed issuer, transactions are settled on-chain through cryptocurrency to fiat conversion, complete with KYC and AML compliance.
The card will initially launch in the United Kingdom and the European Union, with plans for expansion to Latin America, Australia, and New Zealand in the coming months.
“Crypto payments should be as seamless and secure as traditional transactions. With this partnership, Bitget Wallet users can now pay with crypto anywhere Mastercard is accepted,” said Jamie Elkaleh, CMO at Bitget Wallet. “There’s significant demand for real-world crypto utility, and this collaboration with Mastercard and Immersve provides the necessary infrastructure to make that vision a reality.”
This announcement reflects a growing number of agreements between Mastercard and cryptocurrency companies aimed at simplifying crypto payments and making them as user-friendly as fiat transactions.