Bitget partners with OnRamp Money to simplify cryptocurrency purchases in India, the UAE, and Mexico
Bitget, a cryptocurrency exchange, announced on Tuesday a cooperation with OnRamp, a payment solutions provider, to accelerate the conversion of fiat money into cryptocurrencies.
Indian consumers can now make INR deposits using the United Payments Interface (UPI) and Immediate Payment Service (IMPS) thanks to the cooperation. Users in Nigeria, the United Arab Emirates, and Mexico can deposit NGN, AED, and MXN using bank transfers.
Vietnamese users can also utilize VietQR, a mobile QR code payment system, to deposit VNDs.
This variety of supported currencies provides consumers with convenient methods for converting between crypto and fiat currencies.
Notably, Bitget is extending a zero-fee offer for all cryptocurrencies in conjunction with the integration. This move complements its existing policy of eliminating fees for Bitcoin (BTC) and Ethereum (ETH) transactions processed within its platform.
Bitget and OnRamp partner to target emerging markets
Bitget’s relationship with OnRamp will enable consumers to purchase cryptocurrencies using traditional banking systems, with no related costs.
OnRamp supports over 20 blockchain networks, including Ethereum, Arbitrum, Avalanche, and Solana. It is known for its developer-centric mindset, which offers configurable solutions tailored to unique customer needs.
The supplier focuses accessibility in emerging countries, making the onboarding process easier for new consumers. This focus is especially visible in India, where popular services such as UPI and IMPS have been incorporated. These connectors effectively reduce transaction failure rates, which improves user accessibility.
Bitget Prepares for Massive Crypto Adoption
“The integration brings us one step closer to our mission of driving mass adoption of crypto, making it easy for people all over the world to trade crypto,” said Gracy Chen, Managing Director at Bitget, in a statement. “By smoothing out the conversion process between crypto and fiat we’re accelerating an inclusive and global financial revolution.”
Bitget saw a significant spike in new user registrations in December, exceeding the total amount registered in December 2022 by 20%. The exchange also revealed that 89% of these new users chose to invest in the cryptocurrency market, with a sizable majority (61%), specifically in Bitcoin.
