Bitget Wallet has launched a stablecoin-powered virtual card in Nigeria to enable users to manage digital dollar savings and make global payments.
The Chief Operating Officer of Bitget Wallet, Mr. Alvin Kan, said in a statement on Tuesday in Lagos that stablecoins were becoming practical financial tools in markets such as Nigeria.
“Stablecoins are becoming a practical financial tool in markets like Nigeria, but their potential goes well beyond holding or transferring digital dollars,” he said.
He said that the company was working to integrate income reception, savings management, investments and everyday payments into a connected financial experience.
According to him, the virtual card, issued through the company’s mobile application, enables users to spend stablecoin balances at Visa merchants worldwide.
“It supports Google Pay for online and contactless payments and offers up to three per cent cashback on eligible purchases.
“Rewards are paid in USDC, Bitcoin, gold, tokenised stocks or exchange-traded funds,” he said.
Kan said that Nigeria, Sub-Saharan Africa’s largest cryptocurrency market, received over 92.1 billion dollars in cryptocurrency value between July 2024 and June 2025.
He attributed the figures to blockchain analytics firm Chainalysis, citing an International Monetary Fund paper published in June, which estimated that Nigeria accounted for about 60 per cent of stablecoin inflows into the region since 2019.
Kan said that Bitget Wallet also offered USD and EUR virtual accounts for receiving international bank transfers and converting them into stablecoins.
He said that the platform also provided a service for converting stablecoins into naira for deposits into Nigerian bank accounts.
According to local media reports, the launch comes amid changes in Nigeria’s digital asset regulatory framework.
Kan said that the Investments and Securities Act 2025 classified digital assets as securities under the regulatory oversight of the Securities and Exchange Commission (SEC), adding that the SEC published proposed rules covering digital asset operations, custody and markets in August.
To mark the launch, Kan said that Bitget Wallet was offering rewards to new users between Nov. 3 and Nov. 13 and that eligible users who completed designated “Welcome Offer” tasks would receive a guaranteed two dollars, with rewards reaching up to 20 dollars.
GIK/APA