Nigerian Freelancers Can Now Receive US and European Payments Directly Into Bitget Wallet

Bitget Wallet has launched a new Virtual Account feature that allows users to access US dollar and euro account details in their own names without requiring a residential address in the United States or Europe, a credit history or a visit to a physical bank branch.

According to Bush Radio Academy, the self-custodial cryptocurrency wallet, which serves more than 100 million users, announced the launch on Tuesday, describing the service as an option for people who need more convenient ways to receive international payments.

The feature is provided in partnership with Noah, a licensed stablecoin payments company, and supports incoming transfers through the US Automated Clearing House (ACH) and Fedwire systems, Europe’s Single Euro Payments Area (SEPA) network, and the international SWIFT payment system.

Funds received through the virtual accounts are automatically converted into USDT or USDC stablecoins and held directly in users’ Bitget Wallets. The arrangement also allows senders to see the recipient as the account holder when making transfers.

The service is designed to support remote workers, freelancers who invoice clients in the United States and European Union, cross-border earners and people receiving remittances from abroad.

Bitget Wallet is also offering transaction fee refunds to the first 1,000 eligible users who complete a qualifying deposit. The company said the feature is available immediately through its mobile application.

The launch comes amid longstanding challenges associated with international payments, particularly for individuals and businesses in emerging markets who may struggle to obtain foreign bank accounts because of residency and other banking requirements.

Traditional cross-border transfers often involve multiple financial intermediaries, increasing transaction costs and processing times. World Bank figures cited in the announcement indicate that average global remittance fees remain around six per cent.

Bitget Wallet Chief Operating Officer Alvin Kan said cryptocurrency wallets were increasingly evolving beyond digital asset storage to provide access to international financial services.

He explained that integrating payment networks directly into self-custodial wallets could help users in emerging markets connect more easily with the global financial system.

The company said the new system could reduce transfer costs to approximately $2 per $500 transaction, equivalent to about 0.4 per cent, depending on the applicable transaction conditions. By connecting users directly to supported payment networks, the service aims to reduce intermediary charges and delays.

Noah founder and Chief Executive Officer Shah Ramezani said access to dollar and euro accounts had traditionally been difficult for many people in underserved markets. He added that the partnership was intended to provide foreign account access and cross-border settlement while allowing users to retain custody of their funds.

At launch, the virtual accounts support incoming transfers, while outbound bank transfers are planned for a later date. Users can subsequently spend their available funds through the Bitget Wallet Card or QR payments, transfer money internationally, or allocate assets to supported earning products, cryptocurrencies and tokenised real-world assets.

In South Africa, remote workers receiving salaries from international employers can use their dedicated dollar or euro account details to receive payments before spending locally through the Bitget Wallet Card. In Morocco, the euro account connects with the SEPA network, enabling freelancers, contractors and families to receive payments from clients and relatives across the European Union.

For Nigerian users, the service is expected to provide freelancers with dedicated US and European account details that can be included on invoices, allowing clients to make payments through supported domestic and international transfer networks, including ACH, Fedwire and SEPA.

The Virtual Account feature forms part of Bitget Wallet’s broader Onchain Payments Matrix, which already includes card payments, QR transactions and money transfers. The company also stated that user assets are supported by a $300 million protection fund.

The launch highlights the growing effort by cryptocurrency and stablecoin providers to make international payments more accessible, although users should review applicable fees, eligibility requirements, conversion terms and regional restrictions before using the service.