Bitget Wallet Pivots to On-chain (transactions recorded on blockchain) Everyday Finance, Adds "Pay" Feature

Bitget Wallet surpasses 90 million users globally and launches a comprehensive UI/UX overhaul, adding a versatile "Pay" hub to expand everyday crypto-powered financial transactions.

Summary

Bitget Wallet has announced an official strategic shift toward on-chain (transactions recorded on blockchain) Everyday Finance, accompanied by a complete redesign of its UI/UX. The new update introduces a "Pay" hub integrating crypto cards (payment cards funded by crypto), QR code payments, bank transfers, and in-app shopping, aiming to streamline daily crypto-powered finance. The company reports its global user base has exceeded 90 million. Additional enhancements include improved transaction update features, supporting more seamless and varied use of stablecoins (crypto pegged to fiat) in everyday scenarios.

Terms & Concepts
  • On-chain: Transactions executed and recorded directly on a blockchain ledger, without centralized intermediaries.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being pegged to a reference asset, typically a fiat currency such as the U.S. dollar.
  • Crypto card: A payment card linked to a crypto wallet, enabling spending of digital assets via card networks after conversion to fiat.