Bitget’s New Crypto Card – A Big Leap for Crypto Adoption?

28 days ago

Welcome back,
Crypto currencies have often been questioned for having any real world use case. While the technology behind it, already has numbers of real world use case, normal people have no idea about the same. Even with the ETF's coming to table, people still have the same argument about Crypto and they think that it is just that ETF's is the way by which big institutions enter the game and participate in speculating the market without any problem. This can be a debatable topic but I am not here for that right now. I use few decentralized wallet and some centralized exchanges as well and one of them is Bitget Web3 wallet.

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Bitget wallet has launched a crypto card. They have partnered with Mastercard and Immersve and that is why the question at legitimacy is gone and we can trust this card as it is being backed by those strong names. Now, there were many more crypto cards that came to the industry in the past but this one is really a game changer for Crypto Cards. The best thing about this crypto card is it being a Self Custodial wallet unlike any other crypto cards that we have seen before in the Industry. It means you have full control over your card and not the paltform or exchange that issues it .

So, the transactions in Bitget Crypto card will be executed on a Decentralized exchange while earlier cards uses Centralized exchange and here we see real time funding directly from your web3 wallet while in other crypto cards you have to top-up your card. Anyways, let us now talk about the benefits and use case of that crypto card which was the reason why I started writing this blog. As people had often argued about crypto having no real world use case this card makes it possible for users to make payment on around 150 million merchants.

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So now anyone holding this crypto card will see crypto currencies as not something that are only used to hold or trade but to also make payments at millions of merchants and don't worry there are no fees taken from the user for using this card. The conversions are also real time based and so you are not going to have losses while you convert them. The only thing I wish was that it was available in India as well but that will not be possible for many reasons. The current plans are only to bring this card for EU and UK and later the plans are there to bring it in Latin America, Australia, and New Zealand.

India will not going to be on the list for a very long time and sadly this card will not be available in India maybe in the future as well. Bitget team are specifically targeting countries with proper crypto regulations and India is definitely far behind when it comes to Crypto Regulations. Recently we saw various crypto exchanges started to register with FIU but that is just a step towards sucking people money and the government is still least interested in bringing proper Crypto regulations for the people of India. This has been the reason why we have seen a lot of millionaires shifting to countries like Dubai.

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Lastly before I stop writing, I will like to tell that this crypto card is not a physical card as of now. Maybe in future we will have a physical card available but at the time of writing this blog, what I know is that it is going to be a physical card. By the way will you buy this card if it brought to your country? I would have loved to own this card and not only own but use it and flaunt it in front of my friends who have been against the Crypto since 2017.

I have another good news, I have joined the premium Leo subscription today and I hope it will be going to be my best experience. I have been active long back, maybe last year when I wrote here on inleo thread and met some great people but since then I was on a break and as I started writing again recently , I have joined the premium membership for inleo that comes just for 10 HBD which is equivalent to 10 USDT.

Thank You and Happy Trading Everyone.