Bitget Pay provides rapid transactions by leveraging blockchain technology. Credit: everything possible/Shutterstock.

Bitget, a cryptocurrency exchange and Web3 company, has announced the global launch of Bitget Pay, a service enabling instant crypto payments.

This development introduces a contactless, peer-to-peer payment solution designed exclusively for the Bitget App, aiming to facilitate seamless transfer of digital currencies across borders.

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The service supports a variety of cryptocurrencies, including ETH, BTC and USDT, offering users a range of options for different payment scenarios.

Leveraging blockchain technology, Bitget Pay provides rapid transactions, completing payments within seconds.

Bitget Pay is available to all Bitget users worldwide, with the only requirement being an internet connection.

The service’s elimination of transfer fees positions it as an economical choice for international payments and cross-border commerce, according to the company.

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For added security, both the sender and recipient must undergo KYC verification before transacting.

When initiating a payment, users can choose from any supported cryptocurrency in their balance. Bitget Pay then processes the transaction at the current exchange rates without imposing any fees.

The platform’s efficiency is bolstered by blockchain protocols, ensuring nearly instantaneous transactions without the geographical limitations.

With its secure, fee-free approach, Bitget Pay is expected to enhance the global crypto payment infrastructure as it progresses towards its goal of incorporating 100 million users into its ecosystem, stated the company.

Established in 2018, Bitget serves over 45 million users across more than 150 countries and regions. The exchange facilitates smarter trading through features like copy trading and provides real-time access to cryptocurrency prices.

The Bitget Wallet, previously known as BitKeep, is a multi-chain crypto wallet that delivers a comprehensive suite of Web3 solutions, including token swaps, wallet services, NFT Marketplace, DApp browser, and more.

Bitget has forged strategic partnerships, including being the official crypto partner of LALIGA in Eastern, SEA, and LATAM markets.

It also partners with global athletes like Buse Tosun Çavuşoğlu, a wrestling world champion, Samet Gümüş, a boxing gold medalist, and İlkin Aydın from the national volleyball team, to encourage global engagement with cryptocurrency.

In November 2023, Bitget launched EURO fiat gateway for verified institutional accounts, offering deposit and withdrawal features.