Digital Transactions Authoritative, insightful and timely information for payments professionals
As cryptocurrency for payments continues to emerge, two digital currency companies separately are broadening uses for their products.
Bitget Wallet, which bills itself as an “everyday finance” app, is expanding its QR code payments to Argentina, Colombia, and Bolivia. Bitget Wallet says it will be integrated with national payment systems in these countries, which allows merchants to receive settlement funds using existing local rails.
Bitget Wallet previously expanded into Brazil and made an integration with Pix, the real-time payments network in the South American country. There, and in these additional markets, users can send USDC and USDT, two stablecoins, directly from their digital wallets without first converting them through an exchange or moving them to a local currency.
“Many users already hold digital dollars for savings, payments, and cross-border transactions. Connecting those assets to familiar QR payment systems makes them more practical for local commerce, while self-custody keeps control with the user,” Alvin Kan, Bitget Wallet chief operating officer, says in a statement.
In related news, New York City-based MoonPay says its new MoonPay Trade enables applications, financial institutions, and enterprises holding digital assets to move them across more than 200 blockchain and protocols through a single API code. The new service also enables conversion and settlement in more than 120 fiat currencies.
“Institutions are tokenizing funds, moving collateral across chains, and settling in dozens of currencies,” Ivan Soto-Wright, MoonPay chief executive and cofounder, says in a statement. “The market is here.”
