Bitget bridges $160bn crypto market with Nigerian bank transfers

By Zika Bobby

Bitget Wallet, a finance app, has launched a bank transfer feature in Nigeria and Mexico, allowing users to instantly convert USDT and USDC into naira and peso and send funds directly to local bank accounts.

The feature turns stablecoins into a practical payment method, enabling 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.

According to CMO of Bitget Wallet, Jamie Elkaleh, the new bank transfer feature enables users to pay and transfer seamlessly from crypto to local currency, without relying on peer-to-peer (P2P) platforms or centralized exchanges. “It works much like a mobile banking app — users simply choose a cryptocurrency, enter the amount and bank account, then confirm. Behind the scenes, Bitget Wallet’s network of licensed partners manages fiat conversion and settlement through regulated payment channels, ensuring instant processing, compliance, and reliability. The service currently supports over 45 banks in Nigeria and more than 35 banks in Mexico, offering users wide coverage and instant settlement within minutes,” Elkaleh said.

Nigeria remains Africa’s largest crypto market, accounting for most of the region’s onchain activity with over $90 billion in annual transaction value.

In Latin America, Mexico recorded more than $70 billion in onchain volume over the same period. Through Bank Transfers, Bitget Wallet enables users to use crypto as easily as local money, whether sending, spending, or saving.