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Alvin Kan
@alvin_kan
Onchain is the new Online
Joined September 2010
1.3K Following    8.6K Followers
Sharing more thoughts around @BitgetWallet here after reading the post by @Defi_Warhol. (This post might be a little long.) Firstly, good to see data showing Bitget Wallet at #3# spot in terms of weekly txns and users. Data shows we have 95k card txns and 14k card users in the past week alone. Not bad for a start, but only a tiny fraction of where we're aiming for. You'll notice however that we aren't in the top spot for vol. Truth is that a big proportion of our users are not whales but retail users, and many from emerging markets. This is in line with our focus on bringing the benefits of stablecoin payments and digital dollars to users that need it the most (of course we'll welcome more whale users too ๐Ÿ˜€). We offer crypto cards in 50+ markets today, and will soon open up more. Argentina was the most recent launch, and soon we'll be in Africa and South Asia too. What we've learnt is that offering cards is only one piece of the puzzle. To really bring in mass retail users, there's a whole list of wallet infra to build that's interconnected. First u need features to offer a holistic end-to-end experience. Ultimately, many retail users don't just want a card. They want a digital dollar account with flexibility to save, pay and grow their money. We're talking about.. - onramp with low fees - VA or transfer-in from bank account - attractive earn yields - easy gas management/sponsorship - QR and other complementary payment modes - payouts ... And then there's a full suite of wallet features that's required to make it really safe and easy for non-crypto native folks to come in. For example, we now offer an 'onchain checkout' system. This means users can top up their card balance with any token from any chain with one click. A great example is in Argentina, where card issuers may only accept USDC but 90% of users use USDT instead. It's part of our job to build features that work invisibly to make things easier for users. Much easier, not just easy by web3 standards. Another one is customer support system, which requires a whole operating SOP, AI/systems integration and globally capable team to handle it professionally and promptly. Not all startup teams can ace this. And these are probably just a fraction of the things we do at Bitget Wallet. Day in, day out. To create a good user experience. If you're in the crypto neobank or crypto card space, happy to connect and chat to learn more mutually.
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Crypto Cards Weekly Digest: March 30-April 6 Volume: RedotPay: $87.76M EtherFi: $14.92M KAST: $14.35M Karta: $6.38M Tria: $4.93M Cypher: $2.57M Gnosis: $2.22M Ready: $1.79M Other: $7.46M Total: $142.4M Transactions: EtherFi: 190,319 RedotPay: 102,582 Bitget Wallet: 95,488 BFinance: 51,186 Gnosis: 47,491 Safepal: 44,430 Avici: 25,813 MetaMask: 23,719 Other: 50,694 Total: 631,722 Users: RedotPay: 59,030 EtherFi: 19,587 Bitget Wallet: 13,981 BFinance: 13,522 Safepal: 6,738 Tria: 6,025 Gnosis: 5,376 Ready: 4,434 Other: 9,095 Total: 137,788 Some interesting stats: RedotPay Dominance: 61% (down 1% WoW) Tria was the bigger gainer, with a ~50% volume increase WoW. 34% of all transactions were made on Tron. It holds the lead, followed by BNB with 14%. h/t @datadashboards @tstereth for the great dashboards
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