This collaboration is an important part of the Bitget Wallet PayFi strategy, further promoting the extension of crypto assets from "holding" and "trading" to "usage" scenarios.

The globally leading Web3 decentralized wallet Bitget Wallet has officially announced its partnership with the crypto payment gateway Paydify, becoming its first wallet partner. This collaboration enables merchants to accept stablecoin payments from Bitget Wallet users, simplifying the crypto payment infrastructure while expanding the practical application of digital assets in everyday scenarios.

Through this integration, Bitget Wallet users can use USDT and USDC for payments at designated online and offline merchants via Paydify's infrastructure, allowing merchants to achieve real-time settlement of stablecoins without the need to deploy specific blockchains. During the previous pilot phase, the service has already supported thousands of transactions and will expand to various industries such as retail, travel, hospitality, gaming, and e-commerce in the future. Additionally, Bitget Wallet and Paydify plan to support more currencies and wallet integrations, ultimately achieving payment functionality for any chain and any token.

This collaboration is an important part of the Bitget Wallet PayFi strategy, further promoting the extension of crypto assets from "holding" and "trading" to "usage" scenarios. Bitget Wallet's Chief Operating Officer Alvin Kan stated, "We aim to lower the access threshold for merchants, allowing crypto assets to truly serve daily life. Through the integration of an open payment layer, we are moving towards this goal. In the coming years, we plan to support over 10,000 merchants globally to access this service."

Paydify's core design aims to address the fragmentation of crypto payments. With Paydify's support, merchants can achieve compatibility with any wallet without the need to deploy specific blockchains. According to the latest Onchain Report data, 31% of users globally indicated that "merchants' insufficient acceptance of cryptocurrency payments" is a major barrier to using crypto payments, and Paydify is committed to filling this market gap by simplifying the integration process and providing real-time settlement.

Pakning Luk, Paydify's strategic leader, stated, "Through our collaboration with Bitget Wallet, we are able to test and optimize a merchant-centric payment experience in real scenarios. We believe that crypto payments should be as simple and reliable as traditional payment methods, providing seamless infrastructure for users and businesses."

To encourage more merchants to participate, merchants registered through Bitget Wallet during the pilot period can enjoy reduced settlement fees and priority access to upcoming features. Interested merchants can now visit the Paydify page for more details and to submit an application.

About Bitget Wallet

Bitget Wallet is a leading one-stop Web3 wallet with over 60 million users worldwide. The wallet comes in various forms, including mnemonic wallets, non-custodial MPC wallets, AA smart contract wallets, and more, supporting hardware wallet connections. It currently supports over 130 mainstream public chains and more than a million types of crypto assets. As the best choice for users to discover new assets and capture new opportunities in the Web3 space, Bitget Wallet's product features include Swap trading, smart market analysis, Launchpad, inscriptions, DApps, earning coins, payments, and more. By aggregating liquidity from hundreds of mainstream DEXs and cross-chain bridges, it enables cross-chain trading across 30 chains. Bitget Wallet has established a systematic security framework and provides a $300 million risk protection fund.

For more information, please visit: Website|Twitter|Telegram|Discord

About Paydify

Paydify is a cryptocurrency payment gateway compatible with all crypto wallets and blockchains, supporting instant settlement of stablecoins and integrated access, suitable for online e-commerce and offline stores. Paydify connects the global crypto payment ecosystem, enabling every business to easily accept cryptocurrency payments, and is committed to making cryptocurrency a universally accepted payment method.

To learn more, visit www.paydify.com, and follow our official accounts on LinkedIn and X.

For business and media cooperation, please contact: partnerships@paydify.com

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