Bitget Wallet turns cashback into Bitcoin and stocks

cryptonews07-30 19:03

Bitget Wallet will launch Assetback on Aug. 1, allowing eligible card users to convert purchase rewards automatically into Bitcoin, tokenized gold, U.S. equity tokens, an exchange-traded fund token or...

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However, the advertised rate does not apply to every payment. Bitget Wallet says monthly caps, merchant-category exclusions and risk reviews apply. Refunded, reversed or cancelled transactions do not qualify. The model also replaces the card’s previous zero-fee rewards program, so users should review regional fees and limits.However, tokenized equities are not identical to holding shares through a conventional brokerage account. Rights, redemption access, trading availability and investor protections depend on the issuer, platform","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Bitget Wallet 将现金返还转化为比特币和股票","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/791708d07f23b33f821645781b5a9cb8","symbols_score_info":{"CBOY":0.6,"IBLC":0.6,"CBOA":0.6,"BITY":0.6,"BPI":0.6,"BITX":0.6,"09042":1.5,"CCUP":0.6,"CRCA":0.6,"BAGY":0.6,"YBTC":0.6,"BTF":0.6,"09439":1.5,"CRCO":0.6,"GBTC":0.6,"BTFX":0.6,"IBIT":1.5,"BFAP":0.6,"CRCG":0.6,"BTCI":0.6,"BTRN":0.6,"09008":1.5,"BETH":0.6,"CBTY":0.6,"CBOJ":0.6,"BTCO":0.6,"CBXJ":0.6,"ICRC":0.6,"BTCW":0.6,"CBTJ":0.6,"BTYB":1.5,"CBXY":0.6,"CBXO":0.6,"BLCK":0.6,"HODL":0.6,"CBOO":0.6,"CRCL":0.62,"MNRS":0.6,"BITO":0.6,"FBTC":0.6,"BTCL":0.6,"CBXA":0.6,"XBTY":0.6,"BCCC":0.6,"BFJL":0.6,"OOQB":1.5,"BTCC":0.6,"MAXI":0.6,"BTC":0.6,"CRCD":0.6},"content_text":"Bitget Wallet will launch Assetback on Aug. 1, allowing eligible card users to convert purchase rewards automatically into Bitcoin, tokenized gold, U.S. equity tokens, an exchange-traded fund token or USDC.\n\n\nSummary\n\n\n\nSeven reward assets include Bitcoin, tokenized gold, three U.S. stocks, an ETF, and USDC options.\nEligible cardholders receive 2% base rewards, while qualifying users can unlock 3% during booster periods.\nRewards become redeemable seven days after transactions and require at least one USDC before withdrawal.\n\n\n\nThe company said users can select one of seven assets: BTC, Tether Gold, tokenized Nvidia, Tesla and Alphabet shares, an S&P 500 product, or USDC. Rewards will be generated from qualifying purchases made with the Bitget Wallet Card.\n\nApply for your Assetback card & get up to 3% on all eligible spend as tokenized assets: https://t.co/000rMq3sAI— Bitget Wallet 🩵 (@BitgetWallet) July 30, 2026\n\nBitget Wallet replaces cash rewards with seven assets\nAssetback provides a 2% base reward for cardholders. New users and customers who meet a monthly spending threshold can receive up to 3% through a booster tier. Once unlocked, the higher rate applies during that calendar month and the next one. \nUsers may change their selected reward asset once each month. USDC rewards are credited to the card balance, while other rewards can be moved to a rewards account after reaching at least one USDC in accumulated value. Redemption becomes available seven days after the underlying transaction. \nHowever, the advertised rate does not apply to every payment. Bitget Wallet says monthly caps, merchant-category exclusions and risk reviews apply. Refunded, reversed or cancelled transactions do not qualify. The model also replaces the card’s previous zero-fee rewards program, so users should review regional fees and limits.\nTokenized stocks provide exposure, not standard shares\nThe stock and ETF rewards will use xStocks, which issues blockchain tokens backed by securities held in custody. Available choices include Nvidia, Tesla, Alphabet and an S&P 500-linked product. xStocks says each token is backed one-for-one by underlying securities.\nHowever, tokenized equities are not identical to holding shares through a conventional brokerage account. Rights, redemption access, trading availability and investor protections depend on the issuer, platform and user’s location. Bitget Wallet also describes the rewards as available only to eligible users.\nAs previously reported, Bitget Wallet added more than 130 xStocks products in May, allowing users to access tokenized equities through its self-custodial application. In related coverage, crypto.news explained how tokenized stocks work, including issuer, custody, liquidity and regulatory risks.\nCard access still depends on each user’s region\nBitget Wallet says the card serves markets across Europe, Asia and Latin America, with availability also expanding in Africa. Its official card page states that cards may operate through Visa or Mastercard depending on the regional issuing partner. The product supports Apple Pay and Google Pay in eligible markets.\nThe card converts selected crypto assets to fiat when users pay merchants. Official terms state that customers must complete identity checks and live in supported jurisdictions. The terms also permit applicable conversion, foreign-exchange and other charges, meaning Assetback should not be treated as a guaranteed net return.\nBitget Wallet says it has more than 100 million users and that spending through its card nearly tripled during the first half of 2026. It also cited monthly crypto-card payment volume of $656 million in May, up from $271 million one year earlier. Those figures are company-provided and have not been independently audited.\nThe Aug. 1 rollout will test actual demand\nUsers will need Bitget Wallet app version 9.5.3 or later to access the updated card. After selecting an asset, eligible cashback will be converted automatically, creating small recurring purchases rather than requiring a separate trade after every card payment.Bitget Wallet describes the process as applying “dollar-cost averaging” to routine spending. That is a company characterization, not a promise that the selected assets will gain value. Bitcoin, tokenized gold and equity-linked products can rise or fall after rewards are credited.\nThere is no verified market reaction because Bitget Wallet is not publicly traded and the announcement does not introduce a new token. The next measurable updates will be redemption activity, reward volumes and whether regional cardholders adopt non-cash rewards after Aug. 1.\n\n\n\n\n\n                Read more:\n            \n\n                Bank of Korea tests tokenized reserve transfers through BIS Project Agora","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2655387990","isCrawlerRequest":true}