"They don't just want a platform for them to spend. What they want is a financial account that can give them the freedom of access."
@alvin_kan, COO of
@BitgetWallet, shares what their card data revealed about people's everyday spending behavior
> Their average card transaction runs $10 to $13 across 10 to 15 swipes a month, which places the product inside everyday household spending
> Other crypto cards average over $700 per transaction, which reflects a user who is trading through the card rather than living on it
> When focus groups were asked what other features they wanted in the same wallet beyond spending, users pointed to savings, yield, and borrowing
A wallet that eventually covers every function of finance is the one that earns the primary financial relationship in the daily life of the user
Access to those tools should not depend on where someone was born, and trust is what turns a spending app into the financial account that delivers it
Says Alvin on the live show last week.