Crypto exchange Bitget is now enabling instant deposits from users of Visa and Mastercard. The goal is to speed up transactions while providing alternatives to bank transfers and peer to peer funding.
“Visa and Mastercard are among the most widely accepted payment methods worldwide. Giving our users the ability to convert crypto and access funds instantly on these platforms is a crucial step toward making digital assets more functional for real life utility,” says Bitget CEO Gracy Chen.
The move is part of a global strategy to improve fiat access and on and off ramps.
The Bitget service is reportedly particularly useful in regions where crypto-to-bank transfers encounter regulatory or infrastructure-related hurdles.