Revolutionizing Fiat-to-Crypto Conversions with Bitget and OnRamp Partnership ๐
Bitget, a prominent crypto exchange, recently announced a groundbreaking partnership with OnRamp, a leading payment solutions provider, to streamline the process of converting fiat currencies into cryptocurrencies. This partnership aims to make it easier for users in various countries to deposit their local currencies and seamlessly transition into the world of digital assets. Hereโs how this collaboration is set to revolutionize the way you interact with crypto:
Enhanced Fiat Deposits for Indian Users ๐ฎ๐ณ
- Indian users can now utilize the United Payments Interface (UPI) and Immediate Payment Service (IMPS) for INR deposits on the Bitget platform.
Convenient Banking Channels for Other Regions ๐
- Users in Nigeria, the United Arab Emirates, and Mexico can deposit NGN, AED, and MXN respectively through bank transfers on Bitget.
- Additionally, Vietnamese users have the option to use VietQR, a mobile QR code payment system, for VND deposits.
Zero-Fee Offer for All Cryptocurrencies ๐ธ
- As part of this partnership, Bitget is extending a zero-fee offer for all cryptocurrencies, making it cost-effective for users to trade and transact in digital assets.
- This initiative complements Bitgetโs existing fee waiver for Bitcoin (BTC) and Ethereum (ETH) transactions processed within the platform.
Bitgetโs Strategic Focus on Emerging Markets ๐
By collaborating with OnRamp, Bitget is strategically targeting emerging markets and aiming to drive widespread adoption of cryptocurrencies among users. This partnership brings several key benefits:
OnRampโs Comprehensive Blockchain Compatibility ๐ช
- OnRamp supports over 20 blockchain networks, including Ethereum, Arbitrum, Avalanche, and Solana, providing users with a diverse range of options for cryptocurrency transactions.
- The platformโs developer-centric approach allows for customizable solutions tailored to specific user needs, ensuring a seamless and personalized experience.
Catalyzing Mass Adoption of Crypto ๐
Gracy Chen, Managing Director at Bitget, emphasized the significance of this integration in driving mass adoption of cryptocurrencies globally. By simplifying the conversion process between crypto and fiat currencies, Bitget aims to accelerate a financial revolution that is inclusive and accessible to all.
Impressive Growth Trajectory for Bitget ๐
- In December, Bitget witnessed remarkable growth, surpassing the total number of registrations from December 2022 by 20%.
- Among the new users onboarded by Bitget, 89% opted to enter the crypto market, with a significant majority (61%) choosing to invest specifically in Bitcoin.
Hot Take: Embracing Innovation in Crypto Finance ๐
As the partnership between Bitget and OnRamp reshapes the landscape of fiat-to-crypto conversions, the future of digital finance looks increasingly promising. By bridging the gap between traditional banking systems and the world of cryptocurrencies, Bitget is empowering users worldwide to participate in this transformative financial ecosystem.
Sources:
โ [OnRamp Website](https://onramp.money/)
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