Nazia Saeed
- Mastercard teams up with Bitget Wallet and issuer Immersve to launch fee-less crypto cards
- Digital cards support real-time crypto-to-fiat payments at over 150 million merchants
- Initial rollout targets UK and EU, with expansion plans for LATAM, Australia, and New Zealand
Mastercard has joined forces with Bitget Wallet and licensed issuer Immersve to roll out zero-fee crypto payment cards, enabling real-time payments directly from digital wallets. The initiative, aimed at boosting the mainstream adoption of digital assets. The crypto cards will be accessible through the Bitget Wallet app, allowing users to spend crypto across Mastercard’s global merchant network.
Real-time transactions are powered through on-chain swaps and supported by Bitget Wallet’s deposit features. The card can be used at more than 150 million merchants worldwide, both in-store and online.
Digital-first, real-time crypto payments
Initially, the cards will be available in select regions, beginning with the United Kingdom and the European Union. According to the companies, the service will gradually expand to Latin America, Australia, and New Zealand in the coming months.
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Leveraging Mastercard’s “Digital First” technology, users can apply for the card and receive it digitally within minutes. Once approved, it is automatically added to the user’s mobile wallet, allowing for seamless payments via smartphone.
Transactions are settled on-chain and converted into fiat in real time through Bitget’s platform and Immersve’s backend, ensuring full regulatory compliance. The process adheres to Mastercard’s KYC (Know Your Customer) and AML (Anti-Money Laundering) standards.
Bridging traditional finance and crypto
Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, described the initiative as a milestone for digital asset utility. He believes working with innovative companies like Bitget Wallet and Immersve to make crypto transactions simple, secure, and accessible at scale.
Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, echoed this view, partnership meets rising demand for real-world crypto use. Crypto payments should be as seamless and secure as traditional transactions, adding that the collaboration brings the firm’s mission to life.
The announcement follows Mastercard’s recent integration with Chainlink, enabling on-chain crypto purchases via off-chain payments. The payment firm also revealed plans earlier in June to fully tokenize all EU transactions by 2030, reinforcing its growing role in crypto innovation.
