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Bitget announces plans to launch high-limit credit card to bolster global crypto payments

Bitget announces plans to launch high-limit credit card to boost global crypto payments

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TL;DR

  • Bitget revealed plans for a high-limit, USD-denominated Visa credit card at the Future Blockchain Summit in Dubai, aimed at facilitating global crypto payments.
  • Gracy Chen, Bitget’s Managing Director, discussed the company’s Q4 2023 roadmap, highlighting the card’s features, such as cashback rewards, competitive foreign exchange rates, and robust security measures.
  • Alongside its card plans, Bitget is also focusing on AI-powered tools and has a $100 million EmpowerX Fund to accelerate growth.

Bitget, a top-tier cryptocurrency derivative and copy trading platform, has announced plans to launch the Bitget Card. During the Future Blockchain Summit in Dubai Harbour, which runs from October 15 to October 18, the platform revealed that the Bitget Card will be a high-limit, USD-denominated Visa credit card to bolster crypto payment solutions on a global scale. 

AI, Web3, and the future of crypto payments

At the summit, Gracy Chen, the Managing Director of Bitget, shared her insights in a keynote speech titled “Top Crypto Opportunities in Q4 2023 and Beyond. Chen elaborated on Bitget’s roadmap during her speech.

In her speech, she noted that the Bitget Card will allow users to convert cryptocurrencies to fiat money, enabling them to transact with merchants accepting traditional credit or debit cards. The card will fully integrate with Bitget’s trading platform, offering direct access to users’ accounts and digital wallets for enhanced asset management. Additional features include cashback rewards on eligible purchases, competitive foreign exchange rates for international transactions, and robust security measures to guard against fraud. The company aims for the card to be globally accepted, anticipating its use in up to 180 countries.

She also tackled hot-button issues in the crypto arena, such as the possible easing of U.S. regulations on spot Bitcoin ETFs. Additionally, Ched shed light on how pivotal events, like Bitcoin’s halving and Ethereum‘s Cancun-Deneb upgrade, shape global market trends.

Consequently, Chen underlined the synergistic relationship between Web3 and AI technologies. She rebutted the idea that the two are competing sectors. This perspective aligns closely with Bitget’s latest branding initiative and its motto, “Trade Smarter.” As part of its plan to reimagine the world of crypto trading, Bitget is currently working on an array of AI-powered tools. These tools aim to offer users a more secure and efficient financial future.

Chen also ventured into the role of AI in shaping the future of Web 3.0 technologies. Specifically, she highlighted Telegram bots as a significant player in the crypto ecosystem. Given Telegram’s staggering user base—nearly 800 million monthly active users—Bitget perceives abundant possibilities for collaboration.

Hence, despite the crypto market’s inherent challenges, 2023 has been a pivotal year for Bitget, according to Chen. The company unveiled its ambitious $100 million EmpowerX Fund in September. The fund serves as a strategic lever to accelerate the company’s growth. 

In line with the region’s increasing embrace of cryptocurrency, Bitget has also ramped up its workforce in the Middle East.  

Cryptopolitan reported a few days ago that Bitge­t introduced Big Time (BIGTIME) to its Innovation and Game­Fi Zone. The new stride is part of the platform’s vision to allow its users access to the latest innovative assets in the crypto industry, such as leveraged tokens, DeFi tokens, AI tokens, and GameFi projects like Big Time.

With a presence in 100 countries and regions, Bitget serves more than 20 million users. The platform provides spot trading and derivative trading services to assist users in making smarter trades through its secure and all-encompassing platform.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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