Bitget Wallet Taps Brazil’s PIX to Bring Stablecoin Payments Into Daily Use
Bitget Wallet integrated Brazil’s PIX instant payment
network, opening the door for everyday purchases with digital assets like USDT
and USDC.
PIX and the Crypto Connection
PIX, launched in 2020 by the Central Bank of Brazil,
has rapidly become the backbone of the country’s payment system. By 2024, it reportedly processed 64 billion transactions worth $4.6 trillion, outpacing both credit
and debit card payments. More than 150 million Brazilians and millions of
businesses rely on it daily for transactions.
Digital assets meet tradfi in London at the fmls25
According to the announcement, Bitget Wallet’s new feature allows users to scan any PIX QR code and pay with stablecoins across
multiple blockchains, including Ethereum, BNB, Solana, Tron, Ton, and Base.
Merchants still receive Brazilian reais, ensuring seamless settlement on their end.
“The integration of PIX marks a milestone for crypto
adoption in Brazil,” commented Jamie Elkaleh, CMO of Bitget Wallet. “Our vision is to give users the freedom to pay with
crypto anywhere, anytime, without barriers. By connecting to PIX, we are
bridging global digital assets with Brazil’s vibrant real-time payment
infrastructure, making everyday crypto use as seamless as possible.
A Push for Everyday Use
The PIX rollout is part of Bitget Wallet’s broader
strategy to expand real-world use cases for crypto in Latin America. In August,
the firm launched a zero-fee Mastercard-linked crypto card that allows
stablecoin spending worldwide. The wallet also supports QR-based payments through
Solana Pay and regional QR code integrations in Southeast Asia.
Additionally, Bybit recently partnered with Tether to expand the adoption of cryptocurrency in Brazil. The collaboration marks another step in
integrating digital assets into Brazil’s financial and consumer landscape.
Related: Tourists in Rio May Soon Pay with Crypto as Bybit and Tether Expand
As part of the initiative, Bybit and Tether are working with
Visit Rio, the city’s tourism authority, to bring cryptocurrency payments into
the tourism sector. The plan reportedly includes enabling tourists to pay for
services, tours, and shopping in crypto, with potential perks such as discounts
and USDT rewards.
The move comes at a time of rising stablecoin usage in
Brazil. Central Bank Director Gabriel Galípolo recently noted that about 90% of
the country’s crypto transactions involve stablecoins, mainly tied to
cross-border payments
This article was written by Jared Kirui at www.financemagnates.com.
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