Bitget Wallet Gives Users USD and EUR Account Numbers That Convert Deposits to Stablecoins
By Unchained
AI summary of the source article
Bitget Wallet has introduced Virtual Account, a feature powered by Noah that provides users with USD and EUR account numbers. Incoming bank transfers via ACH, Fedwire, SEPA, and SWIFT are automatically converted into USDT or USDC.
Why it matters
Bitget Wallet COO Alvin Kan stated that "bringing these payment rails directly into a self-custodial wallet creates a more accessible way to participate in the global financial system," especially where access to dollar accounts or cross-border banking is limited.
Key facts
- Bitget Wallet partnered with Noah to offer users USD and EUR account numbers that automatically convert bank deposits into USDT or USDC.
- The Virtual Account feature supports incoming ACH, Fedwire, SEPA, and SWIFT transfers with no local residency required, while outbound transfers are planned for coming months.
- Noah holds money transmitter licenses in around 30 US states and registrations in Canada and Lithuania.
Source excerpt · Unchained
The self-custodial wallet's new accounts, provided by payments firm Noah, accept ACH, Fedwire, SEPA and SWIFT transfers now, with outbound transfers still to come. The post Bitget Wallet Gives Users USD and EUR Account Numbers That Convert Deposits to Stablecoins appeared first on Unchained .