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Bitget Wallet’s Onchain Report: 46% Favor Crypto Payment for Speed, but Security Concern Slows Adoption
Bitget Wallet, a leading Web3 non-custodial wallet, has released its latest Onchain Report, revealing that 46% of users surveyed prefer crypto payments for speed, while 37% cite security risks as a key barrier. The global study, based on a survey of 4,599 users, uncovers how different regions and generations perceive crypto as a payment method, highlighting its potential and the obstacles that must be addressed for mainstream adoption.
Regional adoption trends show that Africa (52%) and Southeast Asia (51%) lead in demand for faster payments, driven by limited banking access and high remittance costs. Latin America (41%) faces significant concerns over transaction fees, as crypto is widely used for cross-border payments. Meanwhile, North America & Oceania (36%) focus on seamless global transactions, while privacy concerns drive adoption in the Middle East (38%) and Western Europe (35%). Across regions, limited merchant acceptance (31%) continues to be a major barrier, preventing crypto from being a widely used everyday payment method.
Generational differences reveal that Gen X (49%) prioritizes speed, while Millennials (42%) and Gen Z (39%) favor borderless transactions. Security concerns are highest among Gen X (42%), while Gen Z (36%) is more sensitive to transaction fees. While younger users are more willing to integrate crypto into their daily financial activities, usability challenges and a lack of financial infrastructure remain key hurdles for broader adoption.
To bridge these gaps, Bitget Wallet has launched PayFi initiatives, integrating earning, sending, and spending into a seamless onchain financial ecosystem within a single platform. Users can stake stablecoins across multiple blockchains to earn passive yield while maintaining full control over their assets, seamlessly transact with crypto payments, and spend directly within Bitget Wallet on everyday goods, services, and travel bookings. By combining DeFi-powered yield generation with real-world payment capabilities, Bitget Wallet is transforming crypto from a speculative asset into a practical financial tool for daily use, ensuring users can manage their entire financial journey in one place.
“Crypto payments are evolving, but for mainstream adoption, security, cost-efficiency, and usability must improve,” said Alvin Kan, COO of Bitget Wallet. “With PayFi, we’re redefining how people interact with digital assets — ensuring every transaction not only enables payments but also contributes to financial growth. By integrating crypto more seamlessly into everyday life, we aim to make digital finance truly accessible to billions worldwide.”
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- Four in Ten British Businesses Would Adopt Open Banking for Increased Security Benefits, but Are Held Back by Lack of Understanding Read more
Gnosis Completes $15M Acquisition of Headquarters (HQ.xyz) to Accelerate Onchain Business Banking, Marking Expansion to Asia
Gnosis has acquired Headquarters (HQ.xyz), the leading onchain business account platform, in a strategic move to accelerate its Gnosis 3.0 roadmap. The deal includes an initial investment of up to USD 8.95 million from the GnosisDAO treasury, approved through a DAO vote in January. In parallel, Gnosis Ltd. has committed an additional $6 million in working capital to support the growth, compliance, and operations over the next two years - bringing the total acquisition investment to $14.95 million, making it one of largest acquisitions from the Gnosis ecosystem to date.
Coinpayments and Jetcraft Forge Landmark Partnership to Revolutionize Business Aviation Payments With Cryptocurrency
CoinPayments Inc, a pioneer in digital payments since 2013 and partner of the Stake Sauber Formula 1 Team for the 2025 season, has today announced a groundbreaking partnership with Jetcraft, the global leader in business aircraft sales, acquisitions, and trades. Through the blockchain-based collaboration, Jetcraft clients will benefit from streamlined transactions, faster escrow processes, and enhanced purchasing experiences.
Midnight Foundation Launches to Support Growth of Privacy Network, Bringing Traditional Finance onto the Blockchain
Today marks the official launch of the Midnight Foundation, an organization committed to supporting the growth of the Midnight blockchain ecosystem. Midnight is a platform enabling decentralized applications that deliver rational privacy - programmable data protection with selective disclosure. The Foundation’s core mission is to foster a thriving developer community, expand access to Midnight’s privacy-first technology, and guide the network’s evolution toward full decentralization.
Bitget Wallet and Reserve Launch Onchain Index Fund
Bitget Wallet, the leading non-custodial crypto wallet, has integrated Reserve's Decentralized Token Folios (DTFs), introducing a new onchain index fund experience to retail crypto users. DTFs allow users to gain exposure to a diversified set of digital assets through a single token, removing the need to manage multiple positions individually.
Bybit Hits 70M Users as It Accelerates Institutional Adoption and Global Compliance
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced it has surpassed 70 million registered users, a milestone that highlights the platform’s sustained global growth and deepening trust among both retail and institutional clients. This achievement underscores Bybit’s robust market presence and its steadfast commitment to security, compliance, and product innovation.
Bitget Wallet Launches In-App Crypto Shopping Across 300+ Global Brands
Bitget Wallet, the leading non-custodial crypto wallet, has launched "Shop with Crypto," a new in-app marketplace enabling users to spend cryptocurrencies directly on goods and services. The service removes the need for fiat conversion, offering a streamlined crypto-native checkout experience from within the wallet.
MiniPay Now Available as Standalone App For iOS and Android, Redefining Global Payments With a Frictionless Stablecoin Wallet For Real-world Use
MiniPay, the award-winning non-custodial stablecoin wallet built on the Celo blockchain, is now available as a standalone application on both iOS and Android, offering a cutting-edge solution for seamless global payments and financial inclusion.
What Are Some Emerging Trends in APAC? | FF News at Money20/20 Asia 2025
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EXCLUSIVE: “Private Banking for All” – Hylton Kallner, Discovery Bank in ‘The Fintech Magazine’
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Temenos Strengthens Product Leadership With Key Appointments
Temenos (SIX: TEMN), a global leader in banking technology, today announced it has strengthened its product leadership team with two strategic appointments. Rohit Chauhan joins as Chief Technology Officer (CTO), and Eugene Khmelevsky joins as Global Head of Architecture and Data. The two executives, based out of the U.S., report to Barb Morgan, Temenos’ Chief Product and Technology Officer, highlighting the company’s strategic investment in talent to accelerate growth and innovation.
ACI Worldwide Recognized as Leading Provider of Fraud Orchestration Solutions by Datos Insights
ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, has been recognized among leading solutions providers in Datos Insights’ latest report on the fraud orchestration solutions market, Beyond Point Solutions: Orchestrating the Future of Fraud Prevention.
Four in Ten British Businesses Would Adopt Open Banking for Increased Security Benefits, but Are Held Back by Lack of Understanding
42% of British businesses are keen to integrate open banking into their operations citing the potential benefits of increased security and fraud prevention. This comes as a study by Payit, NatWest’s open banking payment solution, found that one in five (22%) businesses spend more than 6 hours per month managing and storing sensitive customer information, such as card details. And with open banking solutions, they could use this time to build and grow their business.
AAA Life Insurance Company Selects One Inc’s PremiumPay® to Support Digital Payment Processing
One Inc, the leading digital payments network for the insurance industry, today announced that AAA Life Insurance Company (AAA Life) has selected its PremiumPay® solution to support the company’s digital payment processing capabilities. AAA Life will use PremiumPay as its primary platform for digital payment processing, offering policyholders a wider range of flexible, secure payment options while streamlining internal processing.
More People Have Bank Accounts but One in Ten Have No Cash Savings, FCA Survey Reveals
The Financial Conduct Authority (FCA) has found that one in ten people have no cash savings at all, and another 21% have less than £1,000 to draw on in an emergency. The regulator’s research also shows that one in four people in the UK have low financial resilience, meaning that they have missed payments, are struggling to keep up with commitments, or don’t have savings to help them through difficulties.