Bitget pushes stablecoin payments in Nigeria

Bitget Wallet is expanding its payment services in Nigeria with new options that allow people to use digital dollars for everyday purchases and international transactions.

The company recently introduced the Bitget Wallet Card, a virtual card that allows Nigerian users to spend stablecoins at merchants that accept Visa payments. The card is available through the Bitget Wallet mobile application and supports Google Pay for online and contactless payments.

The launch is another sign that cryptocurrency companies are trying to make digital assets useful beyond buying and selling coins.

What service is Bitget introducing?

The new Bitget Wallet Card allows users to pay for goods and services using stablecoin balances held in their wallets. Stablecoins are digital currencies designed to maintain a steady value by being linked to another asset, usually the US dollar.

One example is USDT, while another is USDC. Unlike Bitcoin, which can experience large price changes, these stablecoins aim to remain close to one dollar in value.

Bitget says eligible card purchases can earn up to 3 per cent cashback through its rewards programme. Rewards may be paid in different digital assets, depending on the programme’s conditions.

The card is part of a wider payment service. Bitget Wallet also offers virtual dollar and euro accounts that allow eligible users to receive international bank transfers. Money received through these accounts is converted into stablecoins and credited to the user’s wallet.

The company also provides a service that allows users to convert stablecoins into naira and send the money to Nigerian bank accounts.

Why stablecoins appeal to Nigerian users

Many Nigerians receive money from foreign clients, work remotely or make payments to businesses outside the country. Traditional international transfers can involve several steps, charges and delays.

Stablecoins offer another option because they can move across supported blockchain networks without depending entirely on traditional international banking channels.

They may also appeal to people who want to hold digital dollars rather than keep all their savings in naira. However, holding a dollar-linked stablecoin is not the same as having money in a regular foreign-currency bank account.

Nigeria already has a large cryptocurrency market. According to Chainalysis figures reported by The Guardian and PUNCH, the country received more than $92.1 billion in cryptocurrency value between July 2024 and June 2025. This shows why companies such as Bitget see Nigeria as an important market.

The risks users should understand

Despite the convenience, stablecoin payments are not completely risk-free. A stablecoin is designed to follow the value of the dollar, but users should not assume that its value can never fall below that level.

There are also risks involving online fraud, fake applications, account theft and lost wallet recovery details. Since Bitget Wallet is self-custodial, users must understand how their wallet security and recovery information work.

The International Monetary Fund has warned that stablecoin users can face cybersecurity, fraud, operational and financial risks. It has also highlighted concerns about widespread use of foreign-currency stablecoins in countries such as Nigeria.

Nigeria is also developing its regulatory approach to virtual assets. In July 2026, the Presidency announced an executive order intended to improve coordination among government agencies responsible for regulating the digital-asset sector.

For ordinary users, the important questions are whether the service is properly supported, what fees apply, how currency conversion works and what protection is available if a payment goes wrong.

What Nigerians should watch next

The success of Bitget’s payment expansion will depend on whether people find the service affordable, reliable and easy to use. Users should also check the card’s terms, supported merchants, exchange rates and withdrawal charges before making transactions.

Bitget’s move could give Nigerians another way to receive and spend digital dollars. But it should be viewed as an additional payment option, not a guaranteed investment or a replacement for understanding the risks of digital money.