As stablecoin payments gradually enter everyday consumption scenarios, the connection between crypto assets and traditional payment systems is becoming increasingly direct.

Today, on-chain assets are not only used for investment and transfers but are also being applied to a wider range of consumption scenarios—from e-commerce shopping and daily services to social platform subscriptions and the rapidly growing AI tool subscriptions (such as OpenAI, Claude, Midjourney, etc.). The boundaries of their use are continuously expanding.

In the past, users often had to go through steps like withdrawals, transfers, and account switching to spend in these scenarios. However, as payment networks like Visa and Mastercard continue to integrate with the crypto ecosystem, on-chain assets can now be used directly for payments within the existing system, further simplifying the user journey.

Against this backdrop, BitMart has launched the Wallet Prepaid Card feature. Users can deposit stablecoins into the card and spend at global merchants without needing to transfer funds to a bank account, allowing on-chain assets to integrate more naturally into daily use.

Covering Online and Offline, Multi-Scenario Spending + AI Subscriptions

The BitMart Wallet Prepaid Card supports over 2 million Mastercard/Visa merchants worldwide, spanning various consumption scenarios. After completing basic KYC verification, users can directly top up their prepaid card balance with stablecoins from their wallet for subsequent spending. The system automatically handles fiat settlement at the time of payment, making the overall user experience similar to using a regular bank card, thus offering a more straightforward operation.

The prepaid card supports both online and offline use. Users can swipe the card at physical merchants through the Visa/Mastercard network or bind it to common payment tools like Alipay, PayPal, Apple Pay, and Google Pay.

For online scenarios, the prepaid card can be used on e-commerce platforms such as Taobao, Pinduoduo, Amazon, and Walmart, as well as lifestyle service platforms like Meituan. It also supports subscriptions and digital services on social platforms like Douyin/TikTok, X (Twitter), Facebook, and Telegram.

Integrating Payment Capability into the Wallet, Rather Than Keeping It External

In the traditional structure, the wallet manages assets, while payment capability exists outside the wallet. Users have to switch between different systems to complete the process from "holding assets" to "actual spending." This separation, while functionally clear, is inefficient in practice.

The design philosophy of the prepaid card is to embed payment capabilities directly into the wallet system. Users do not need to create a separate account or transfer assets; they can simply activate the card within the wallet and top it up to obtain a spendable balance. Different wallet types (including seed phrase wallets and smart contract wallets) can use this feature. The card is linked to the wallet address and functions alongside the wallet.

This structure does not introduce a new asset system but adds a layer of "spendable capability" on top of the existing one. Even if users change devices or re-import their wallet, the card remains functional, maintaining a consistent overall logic. Compared to introducing new tools, this approach is more like an extension of the existing experience.

Regarding fees and usage, the system is kept simple and transparent: 0 top-up fee, 0 annual fee, and 0 cross-border transaction fee for physical cards.

Virtual and Physical Cards Offered in Parallel to Meet Diverse User Needs

In terms of product form, the prepaid card comes in two types: virtual card and physical card. The virtual card is primarily designed for online scenarios, usable immediately after activation, suitable for e-commerce shopping, subscription services, and various digital payment needs. For users who frequently need to bind payment tools, this format is more lightweight and flexible.

The physical card further extends to offline consumption scenarios. Users can make payments at merchants that support card swiping and also perform cash withdrawals at supported ATMs, offering an experience closer to traditional bank cards. Compared to virtual cards, the physical card has a broader scope of use, making it suitable for users requiring offline payment capabilities.

These two card types are designed based on different usage habits and scenarios, meeting online and offline payment needs respectively, providing users with more flexible choices in diverse consumption environments.

For many users, the significance of such products is not just adding another payment tool but bringing on-chain assets one step closer to daily consumption.

About BitMart

BitMart is a leading global digital asset trading platform with over 13 million users worldwide. Consistently ranked among the top on CoinGecko, BitMart offers over 1,700 tradable token pairs with competitive fees. Upholding the principles of continuous innovation and financial inclusion, BitMart is dedicated to providing a seamless trading experience for users worldwide. To learn more about BitMart, please visit the website, follow X (Twitter), or join Telegram for updates, news, and promotions. Download the BitMart App to trade anytime, anywhere.

Risk Warning:

Using BitMart services is at your own risk. All cryptocurrency investments, including wealth management products, are highly speculative and involve a significant risk of loss. Past, hypothetical, or simulated performance does not necessarily guarantee future results.

The above information is for reference only and should not be considered as advice to buy, sell, or hold any financial asset. This information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of such information.

All cryptocurrency investments (including wealth management products) are inherently highly speculative and carry a substantial risk of loss. Past performance, hypothetical results, or simulated data do not necessarily indicate future results. The value of digital currencies may rise or fall, and buying, selling, holding, or trading digital currencies may involve significant risks. Before trading or holding digital currencies, you should carefully evaluate whether such participation is suitable based on your investment objectives, financial situation, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.