Visa and Mastercard instant deposit feature introduced by Bitget
Bitget Introduces Visa and Mastercard Payout Feature for Seamless Crypto-to-Fiat Transactions
Bitget, a leading cryptocurrency exchange, has announced the release of a new Visa and Mastercard conversion payout feature. This groundbreaking development is set to revolutionize off-ramping for cryptocurrency users by offering a faster, more secure, and convenient alternative to traditional bank transfers and peer-to-peer transactions.
The new feature enables instant conversion of digital assets into fiat currency and direct, real-time deposits to Visa or Mastercard cards in over 140 fiat currencies, including USD, EUR, GBP, CAD, AUD, and JPY. By eliminating traditional delays associated with bank transfers or peer-to-peer transactions, the feature significantly speeds up settlement times and reduces operational friction.
Gracy Chen, CEO at Bitget, emphasizes the importance of simplifying crypto usage to match traditional money. "We are committed to making digital assets functional for everyday use," she said. "Our new Visa and Mastercard payout feature is a significant step towards achieving this goal."
The payout feature improves off-ramping by removing intermediary delays and third-party risks common in peer-to-peer channels. Users can convert crypto like Bitcoin or Ethereum to fiat and receive funds immediately on their cards, making access to cash faster, more secure, and more convenient worldwide.
Moreover, the feature allows users to complete transactions directly from the "Buy & Sell Crypto" page by selecting their payment card and receiving instant payouts. This streamlined process enhances the real-world usability of cryptocurrencies by integrating seamlessly with globally accepted payment cards, fostering easier spending and liquidity management.
Recent updates on the platform have expanded on-ramp and off-ramp options for users. The Visa and Mastercard payout feature is part of a global strategy to enhance fiat accessibility within the Bitget ecosystem. The feature supports faster processing for crypto liquidation and fiat access, improves both transaction speed and success rates, and reduces time and complexity typically associated with off-ramping.
By bridging the gap between digital assets and traditional finance, Bitget's card-based payout removes intermediary delays, enabling real-time deposits. This feature is a crucial component of Bitget's efforts to build efficient bridges between crypto and traditional finance, offering a faster, more reliable, and secure off-ramping process for crypto users globally.
Users can manage, convert, and spend their crypto with the same ease as any fiat account, thanks to the Visa and Mastercard payout feature. They can deposit the funds directly to their Visa or Mastercard using the feature, making it a convenient option for everyday transactions.
In conclusion, Bitget's new Visa and Mastercard conversion payout feature is set to redefine the way cryptocurrency users interact with traditional finance. By providing a faster, more secure, and convenient off-ramping process, Bitget is making digital assets more accessible and usable for everyday transactions, bringing us one step closer to a truly digital economy.
