Finance app Bitget Wallet has launched a bank transfer feature in Nigeria, allowing users to instantly convert stablecoins, USDT and USDC, into naira and send funds directly to local bank accounts.
In a statement on Tuesday, the firm said the feature enables users to pay merchants, send money to friends and family, or settle bills straight from their wallet.
The rollout marks the first time a global crypto wallet has enabled direct stablecoin-to-bank transfers at scale in these regions, making crypto more usable in daily transactions. The bank transfer feature also eliminates the need for peer-to-peer platforms or centralised exchanges.
Commenting on the new feature, the Chief Marketing Officer at Bitget Wallet, Jamie Elkaleh, said, “Stablecoins are quickly becoming a new layer of everyday payments in emerging markets, and connecting them to local banking rails is the next step in that evolution. Nigeria and Mexico together process more than $160bn in annual on-chain volume. Bringing instant stablecoin payments directly into their banking systems makes self-custody more practical, more usable, and increasingly aligned with how people pay today.
“The new feature will expand to additional emerging markets in the coming months, complementing Bitget Wallet’s suite of payment tools, including its crypto card, QR code payments and in-app lifestyle shop, allowing users to pay globally in local ways across shopping, rent, remittances and everyday expenses. To mark the launch, Bitget Wallet is offering a zero-fee promotion.”
Elkaleh said that by merging crypto payments with traditional banking rails, Bitget Wallet bridges on-chain assets with real-world spending.
“The launch comes as stablecoins play a growing role in emerging-market finance, where crypto is increasingly used to store, move, and spend value amid inflation and currency volatility,” he said.
According to Chainalysis, Nigeria remains Africa’s largest crypto market, accounting for most of the region’s on-chain activity with over $90bn in annual transaction value. In Latin America, Mexico recorded more than $70bn in on-chain volume.
“The feature addresses long-standing challenges in these markets, where turning crypto into usable local money has often been slow, risky, and costly. In Nigeria, users typically rely on P2P platforms subject to liquidity gaps and exchange-rate volatility, while in Mexico, limited infrastructure and regulatory friction constrain access. Bitget Wallet’s Bank Transfer automates the process, reducing risk and enabling instant, compliant one-tap conversions,” he concluded.
