Bitget and Fiat24 Partner to Make Crypto Payments Easier

Bitget and Fiat24 partner to make crypto payments easier. They will bridge traditional finance with decentralized systems for global accessibility.

Cryptocurrency exchange Bitget is partnering with Swiss fintech firm Fiat24 to enhance the accessibility and practicality of crypto payments.

The collaboration will see the two companies work together to integrate Ethereum (ETH), Bitget Token (BGB) and stablecoins such as USD Coin (USDC) into PayFi (Payment + Finance) solutions.

According to a press release, the partnership will combine the strengths of traditional finance with the ease and efficiency of decentralized financial systems.

Bitget provides two key services in the PayFi domain. Bitget Pay allows users to make instant, low-fee crypto payments, while the Bitget Card enables them to spend their crypto after converting it to fiat. The card functions like a regular debit card and can be used for payments worldwide.

Fiat24, meanwhile, operates a Swiss payment system that spans 65 countries. It also provides users with a Swiss offshore bank account from a crypto-friendly bank and a Mastercard debit card. Blockchain technology is employed to ensure security, transparency and user ownership.

Together, Bitget and Fiat24 aim to expand the use of ETH, BGB and stablecoins in PayFi and to facilitate the easy and convenient use of crypto payments on a global scale.

This partnership also seeks to integrate digital assets into the world economy and make crypto payments as ubiquitous as credit card payments.

“We are thrilled to partner with Fiat24 on PayFi. PayFi can help the unbanked access financial services easily,” said Gracy Chen, CEO of Bitget.

“At Bitget, our focus on PayFi (short for ‘pay with fiat’) has been a long-term strategy to integrate crypto payments into daily life.”