Bitget, a crypto exchange, has partnered with OnRamp, a payment solutions provider, to simplify the conversion of fiat money into cryptocurrencies. This partnership allows users in India to use UPI and IMPS for INR deposits, while users in Nigeria, United Arab Emirates, and Mexico can deposit NGN, AED, and MXN respectively through bank transfers. Vietnamese users can utilize VietQR for VND deposits. The integration of these payment options provides users with convenient mechanisms for converting between crypto and fiat currencies. In addition, Bitget is offering zero-fee transactions for all cryptocurrencies in conjunction with the integration, further enhancing the user experience.
Through its collaboration with OnRamp, Bitget is targeting emerging markets by allowing users to acquire cryptocurrencies through familiar banking channels without incurring any fees. OnRamp supports over 20 blockchain networks, including Ethereum, Arbitrum, Avalanche, and Solana, catering to specific user requirements. The provider focuses on accessibility in emerging markets, simplifying the onboarding process for new users, particularly in regions like India where popular services like UPI and IMPS have been integrated to minimize transaction failure rates and enhance user accessibility.
Gracy Chen, Managing Director at Bitget, expressed that the integration with OnRamp is a significant step towards driving mass adoption of crypto. By facilitating the smooth conversion process between crypto and fiat currencies, Bitget aims to accelerate an inclusive and global financial revolution. The exchange experienced a notable increase in new user registrations in December, surpassing the total number of registrations recorded in the previous year by 20%. A significant majority of these new users, representing 89%, opted to enter the crypto market, with 61% specifically choosing to invest in Bitcoin, indicating a growing interest in cryptocurrencies.
OnRamp’s developer-centric philosophy and customizable solutions, coupled with Bitget’s commitment to eliminating fees for Bitcoin and Ethereum transactions, further enhance the overall user experience. The integration of popular payment services and support for various currencies, along with the zero-fee offer, provide users with convenient and cost-effective means of transacting in the crypto space. By prioritizing accessibility and user experience in emerging markets, Bitget and OnRamp are paving the way for increased adoption of cryptocurrencies globally.
Bitget’s partnership with OnRamp not only facilitates the conversion of fiat money into cryptocurrencies through familiar banking channels, but also underscores the exchange’s commitment to driving mass adoption of crypto. By offering zero-fee transactions for all cryptocurrencies and streamlining the onboarding process for new users in emerging markets, Bitget is accelerating the global financial revolution. The increasing interest in cryptocurrencies, as evidenced by the surge in new user registrations on the platform, highlights the growing potential for crypto adoption worldwide. Overall, Bitget’s collaboration with OnRamp is poised to make significant strides in advancing the accessibility and usability of cryptocurrencies for a broader audience.
