Bitget Wallet, everyday finance app, has launched a Bank Transfer feature in Nigeria and Mexico, allowing users to instantly convert USDT and USDC into naira and peso and send funds directly to local bank accounts.
The feature, according to a statement turns stablecoins into a practical payment method, enabling users to pay merchants, send money to friends and family, or settle bills straight from their wallet. “The rollout marks the first time a global crypto wallet has enabled direct stablecoin-to-bank transfers at scale in these regions, making crypto more usable in daily transactions”, it said .
According to CMO of Bitget Wallet, Jamie Elkaleh, “The new Bank Transfer feature enables users to pay and transfer seamlessly from crypto to local currency, without relying on peer-to-peer (P2P) platforms or centralized exchanges. It works much like a mobile banking app — users simply choose a cryptocurrency, enter the amount and bank account, then confirm. Behind the scenes, Bitget Wallet’s network of licensed partners manages fiat conversion and settlement through regulated payment channels, ensuring instant processing, compliance, and reliability. The service currently supports over 45 banks in Nigeria and more than 35 banks in Mexico, offering users wide coverage and instant settlement within minutes. The feature supports USDT and USDC across BNB Chain, Ethereum, Solana, Tron, and Base networks.
“By merging crypto payments with traditional banking rails, Bitget Wallet bridges onchain assets with real-world spending. The launch comes as stablecoins play a growing role in emerging-market finance, where crypto is increasingly used to store, move and spend value amid inflation and currency volatility. According to Chainalysis, Nigeria remains Africa’s largest crypto market, accounting for most of the region’s onchain activity with over $90 billion in annual transaction value. In Latin America, Mexico recorded more than $70 billion in onchain volume over the same period. Through Bank Transfers, Bitget Wallet enables users to use crypto as easily as local money — whether sending, spending, or saving.
“The feature addresses long-standing challenges in these markets, where turning crypto into usable local money has often been slow, risky, and costly. In Nigeria, users typically rely on P2P platforms subject to liquidity gaps and exchange-rate volatility, while in Mexico, limited infrastructure and regulatory friction constrain access. Bitget Wallet’s Bank Transfer automates the process, reducing risk and enabling instant, compliant one-tap conversions.
“Stablecoins are quickly becoming a new layer of everyday payments in emerging markets, and connecting them to local banking rails is the next step in that evolution, Nigeria and Mexico together process more than $160 billion in annual onchain volume. Bringing instant stablecoin payments directly into their banking systems makes self-custody more practical, more usable, and increasingly aligned with how people pay today.
“The new feature will expand to additional emerging markets in the coming months, complementing Bitget Wallet’s suite of payment tools, including its crypto card, QR code payments, and in-app lifestyle shop, allowing users to pay globally in local ways across shopping, rent, remittances, and everyday expenses. To mark the launch, Bitget Wallet is offering a zero-fee promotion. For more information, visit Bitget Wallet’s blog.” Jamie Elkaleh explained.
