Breaking News
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.”
Companies In This Post
- EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’ Read more
- FreedomPay Drives Global Merchant Innovation Read more
- FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences Read more
- Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure Read more
- Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds Read more
Cake Wallet Integrates xStocks, Letting Users Invest in Stocks Using Crypto.
Cake Wallet, an open-source, privacy-focused crypto wallet, today announced the integration of xStocks, a new feature that allows users to invest in tokenized stocks and ETFs directly through Web3 self-custody.
BCP Launches Criptococos, the First Crypto Banking Platform in Peru, Powered by BitGo
Banco de Crédito del Perú (“BCP”), the largest bank and the largest supplier of integrated financial services in Peru, and BitGo, the digital asset infrastructure company, today announced the launch of Criptococos, the first banking platform in Peru, to enable the secure purchase and management of crypto assets. The launch is part of a pilot project authorized by the Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) and reflects BCP’s ongoing commitment to driving innovation in the financial system.
Bybit Secures UAE’s First Virtual Asset Platform Operator License from Securities and Commodities Authority
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced that it has officially secured the Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE).
The New Bitso: Redefining Its Identity and Launching a Global Stock Investment Product
After celebrating 11 years in the market, Bitso —Latin America’s leading digital financial services company— announced today a major transformation of its brand identity and communication strategy, based on a complete redesign of its application and the launch of a new financial product.
Bakkt, Castle Island FalconX and Galaxy Select Fireblocks Trust Company for Institutional Crypto Custody
Fireblocks Trust Company, the New York State-regulated qualified custodian powered by the Fireblocks platform, today announced that it has partnered with Bakkt, Castle Island, FalconX, Galaxy, and others, offering its custody solutions to support regulated digital asset strategies across the financial ecosystem. As digital asset ETFs and digital asset treasuries (DATs), protocol launches, and collateralized lending move into the regulatory spotlight, Fireblocks Trust Company has become a critical enabler for institutions seeking compliant, secure infrastructure.
Blockdaemon and Aave Labs Announce Strategic Partnership to Expand Institutional Access to DeFi
Blockdaemon, a leading U.S. headquartered institutional-grade crypto infrastructure company, today announced a strategic partnership with Aave Labs, a core technology contributor to the Aave Protocol, to bring seamless institutional access to decentralized finance (DeFi) lending markets. Together, two trusted names with long-standing security track records are joining forces to set a new benchmark for institutional DeFi.
The Most Financially Excluded Pay More To Buy Stablecoins
With Financial Inclusion Week underway, Orbital – a global payment orchestration platform across stablecoins and traditional payment rails – has released its new Stablecoin Premiums Dashboard* which offers insights into stablecoin market data that reveals that the countries with the highest stablecoin premiums are those with populations that, on average, are more financially excluded.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FreedomPay Drives Global Merchant Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
FIS® announced a strategic partnership with Glia to deliver advanced AI-powered customer engagement capabilities across FIS' Digital One suite
Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
Global retailers are accelerating their multi-acquirer strategies to stay ahead, according to a new survey conducted by ACI Worldwide
Ipswich Town Selects IFX Payments as an Elite Partner
Ipswich Town Football Club has selected IFX Payments as an Elite Partner of the club
Baghdadi Capital Group Selects nCino to Power Global Growth and Expansion Strategy
Baghdadi Capital Group has selected the nCino Platform to standardize and automate its global operations,