Bitget collaborates with Callpay for South African Rand transaction support
In a significant move reflecting a broader trend, major crypto exchange Bitget has partnered with Callpay to enable local payment solutions for its users. This partnership aims to facilitate easier fiat-to-crypto onramps and improve accessibility in specific regional markets.
Similarly, Coinbase Wallet, a leading digital wallet provider, has integrated with Onboard and Yellow Card to incorporate local payment options and fiat gateways. This move enables users in various regions, including Nigeria, to purchase cryptocurrencies more easily and securely within the wallet.
The trend of crypto exchanges integrating local payment solutions is gaining momentum. Companies like Alchemy Pay are creating unified checkout systems that combine crypto payments with local fiat options, making transactions more convenient for users. Point-of-sale (POS) solutions are also being introduced, enabling merchants worldwide to accept crypto payments conveniently via mobile or web terminals.
Crypto payment gateways such as CoinGate and BitPay convert crypto transactions into fiat deposited locally, streamlining adoption at the merchant level. Furthermore, advancements like the Lightning Network are being leveraged to enable faster and cheaper transactions, thus improving crypto’s usability for everyday payments and driving crypto acceptance globally.
Gracy Chen, CEO at Bitget, made a statement regarding the partnership, expressing optimism about the potential for increased crypto adoption in specific markets. The specific details of the Bitget and Coinbase Wallet partnerships are not explicitly detailed in the search results, but they align with these industry trends.
This integration allows African users to buy Bitcoin and USDC seamlessly within the Coinbase Wallet. The partnership with Onboard for Nigerian users to purchase cryptocurrencies with the naira and the integration of Yellow Card's payment infrastructure further underscore Coinbase Wallet's commitment to making cryptocurrencies more accessible to users worldwide.
These partnerships and technological integrations demonstrate a clear trend by global crypto platforms to embed localized payment infrastructures, improving user experience and facilitating wider crypto adoption. As the industry continues to evolve, we can expect to see more collaborations that aim to make cryptocurrencies more accessible and user-friendly for a global audience.
- The partnership between Bitget and Callpay is not unique, as Coinbase Wallet has also collaborated with Onboard and Yellow Card for local payment solutions, enabling users in Africa and Nigeria to buy Bitcoin and other digital assets more easily.
- The trend of incorporating local payment options into crypto exchanges is increasingly prevalent, with companies like Alchemy Pay developing unified checkout systems that integrate crypto payments with local fiat options.
- Technological advancements, such as the use of the Lightning Network, facilitate faster and cheaper transactions, making cryptocurrencies more usable for everyday payments and driving crypto acceptance globally.
- As more collaborations occur within the industry, we can expect to see a continued focus on embedding localized payment infrastructures, aiming to make cryptocurrencies more accessible and user-friendly for a global audience, thereby fostering wider crypto adoption.
