Bitget Partners With Paydify to Expand Stablecoin Payments for Merchants Worldwide

Stablecoin payments are expanding beyond cryptoasset trading into merchant transactions, but providers must still overcome hurdles involving wallet integration, payment processes and Web3 user acquisition. Bitget's partnership with payments infrastructure provider Paydify is aimed at lowering merchants' integration costs for accepting stablecoins and expanding the use of digital assets in everyday transactions.

Bitget has announced a strategic partnership with Paydify that will integrate payments infrastructure with its global user network. The tie-up is intended to simplify stablecoin acceptance for merchants and give them access to what Bitget says are its 125 million users worldwide. The companies have yet to disclose the value of the agreement, supported currencies, initial launch markets or a formal activation date.