Bitget Wallet Expands Direct Bank Transfer Services in Nigeria
Nigeria has become the center of stablecoin activity in sub-Saharan Africa, accounting for roughly 60% of the region's inflows, according to the International Monetary Fund.
Bitget Wallet is expanding its direct bank transfer services in Nigeria and Mexico, supporting USDT and USDC on various chains. The service allows users to convert their dollar-denominated stablecoins into naira deposited directly into a Nigerian bank account without intermediaries taking a cut at every stage.
The conventional route involves sending the stablecoin to an exchange, selling it, and withdrawing the naira, each stage carrying fees, waiting periods, and potential points of failure. Bitget Wallet's service compresses this process into a single action within the app.