@immersve
Pinned post
Sharing more thoughts around @BitgetWallet here after reading the post by @Defi_Warhol.View quoted post on X
(This post might be a little long.)
Firstly, good to see data showing Bitget Wallet at #3 spot in terms of weekly txns and users.
Data shows we have 95k card txns and 14k card users in the past week alone. Not bad for a start, but only a tiny fraction of where we're aiming for.
You'll notice however that we aren't in the top spot for vol. Truth is that a big proportion of our users are not whales but retail users, and many from emerging markets.
This is in line with our focus on bringing the benefits of stablecoin payments and digital dollars to users that need it the most (of course we'll welcome more whale users too 😀).
We offer crypto cards in 50+ markets today, and will soon open up more. Argentina was the most recent launch, and soon we'll be in Africa and South Asia too.
What we've learnt is that offering cards is only one piece of the puzzle. To really bring in mass retail users, there's a whole list of wallet infra to build that's interconnected.
First u need features to offer a holistic end-to-end experience. Ultimately, many retail users don't just want a card. They want a digital dollar account with flexibility to save, pay and grow their money.
We're talking about..
- onramp with low fees
- VA or transfer-in from bank account
- attractive earn yields
- easy gas management/sponsorship
- QR and other complementary payment modes
- payouts
...
And then there's a full suite of wallet features that's required to make it really safe and easy for non-crypto native folks to come in.
For example, we now offer an 'onchain checkout' system. This means users can top up their card balance with any token from any chain with one click. A great example is in Argentina, where card issuers may only accept USDC but 90% of users use USDT instead. It's part of our job to build features that work invisibly to make things easier for users.
Much easier, not just easy by web3 standards.
Another one is customer support system, which requires a whole operating SOP, AI/systems integration and globally capable team to handle it professionally and promptly. Not all startup teams can ace this.
And these are probably just a fraction of the things we do at Bitget Wallet. Day in, day out. To create a good user experience.
If you're in the crypto neobank or crypto card space, happy to connect and chat to learn more mutually.
decrypt.co Bitget Wallet Launches Crypto-Linked Mastercard in Partnership with Immersve - Decrypt The card will initially launch in the UK and the European Union, before rolling out later in Latin America, Australia and New Zealand. Spend your crypto like cash with the Bitget Wallet Mastercard 💳
See this 🔴🟠 in stores? Tap to pay with USDC directly.
🇪🇺 Apply & get started
✅ Works with Apple Pay & Google Pay
🧾 No top-up and annual fees
🤝 Powered by @Mastercard
Apply now: web3.bgw.world/en/wallet-down…View quoted post on X
