Bitget Wallet, the native wallet of the Bitget exchange, has unveiled an exclusive integration with alfred, a LATAM-based payment infrastructure firm. As part of the integration, Bitget Wallet aims to unveil a unique bank transaction-based stablecoin on-ramp solution in Latin America.
As per Bitget’s official press release, the integration permits users to convert local fiat currencies into diverse dollar-backed stablecoins via domestic banking mechanisms. At the start, the service can be availed in Brazil, Mexico, Colombia, and Argentina, with a strategy to broaden it into other local markets over time.
Bitget Wallet’s alfred Integration Connects Stablecoin Payments with Regional Banking Rails in Latin America
The alfred integration removes the requirement for 3rd-party applications or payment cards. This move is set to streamline dollar-backed digital assets. This underscores the rising demand for accessible and practical stablecoin services within the swiftly advancing digital financial landscape of Latin America. In particular, the integration lets Bitget Wallet consumers to fund wallets via the broadly utilized regional payment rails.
Specifically, Brazil-based consumers can leverage Pix while those in Argentina can transact capital via CVU. Additionally, in Mexico, this service backs SPEI transactions, with alternative local banking mechanisms in other compatible countries. Once the transaction is accomplished, consumers get stablecoins like $USDT or $USDC in the Bitget Wallet accounts they use.
At the same time, alfred drives the banking connection working behind the respective integration. It links regional financial ecosystems with the cutting-edge stablecoin settlement framework, letting clients shift seamlessly between blockchain-based assets and conventional banking.
Streamlining Regional Stablecoin Use Cases and Adoption with Simplified Onchain Payments
For this purpose, alfred is already collaborating with top digital asset entities, such as Circle and Fireblocks, while also working consistently across the area. While discussing this move, alfred’s Head of Partnerships, Luis Miller, said, “This integration means that’s now enough to fund a stablecoin account directly.” Echoing the same sentiment, Bitget Wallet’s Chief Operating Officer, Alvin Kan, asserted, “This integration is about the next wave — users who understand the value of holding dollars digitally but haven’t had a simple way in.”
According to Bitget, the integration also broadens the Onchain Payments Matrix of Bitget Wallet. Following funding wallets, consumers can also hold stablecoins, leverage compatible yield opportunities, send remittances across borders, pay participating regional merchants, and fund globally through Bitget Wallet Card.
Overall, with the provision of straightforward funding via domestic banking methods, both entities endeavor to minimize entry restrictions while backing wider stablecoin adoption within the region.
