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Bitget launches stablecoin payment card in Nigeria

By , based on Business Day Nigeria

Bitget launches stablecoin payment card in NigeriaIllustrative image · DΛVΞ GΛRCIΛ · Pexels · Licence Pexels

Bitget Wallet launches a virtual card in Nigeria for paying with stablecoins at Visa merchants, including through Google Pay, with up to 3% cashback. The country received 92.1 billion dollars in cryptocurrency between July 2024 and June 2025, according to Business Day Nigeria citing Chainalysis.

Bitget Wallet launched a virtual payment card in Nigeria on Tuesday that allows users to spend stablecoins at Visa merchants worldwide. Nigerian users can link it to Google Pay for online or contactless purchases and receive up to 3% cashback on certain transactions, according to Business Day Nigeria.

Rewards from the Assetback programme can be paid in USDC, bitcoin, gold or tokenised shares and index funds. Stablecoins, digital assets generally pegged to a currency such as the US dollar, are used in Nigeria to limit foreign exchange risk and settle international transactions.

Nigeria received more than 92.1 billion dollars in cryptocurrency between July 2024 and June 2025, nearly three times the volume recorded by South Africa, according to Chainalysis. A document from the International Monetary Fund published in June also estimates that the country accounts for about 60% of stablecoin inflows into sub-Saharan Africa since 2019.

The launch comes as dollar liquidity in Nigeria’s banking system recovers after several banks imposed restrictions on international cards between 2023 and 2025. Central Bank of Nigeria Governor Olayemi Cardoso said in July that diaspora transfers, worth more than 600 million dollars a month, could reach about one billion dollars a month by the end of 2026.

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