Bitget Wallet Introduces Assetback: A New Way to Earn Cashback in Crypto Assets

Bitget Wallet has introduced a new feature called Assetback, which allows users to earn cashback in Bitcoin, gold (XAUT), or tokenized US stocks and ETFs when making purchases with their Bitget Wallet Card. This move challenges the traditional card rewards model that has remained largely unchanged for decades.

The Bitget Wallet Card is available in over 50 markets and can be used worldwide through Visa and Mastercard networks. With Assetback, users can automatically convert their cashback rewards into a chosen asset without requiring any separate investment action or brokerage account.

According to Alvin Kan, COO of Bitget Wallet, 'Card rewards have returned cash or points for forty years, not because they delivered the best outcome for users, but because delivering anything else required infrastructure that didn't exist. That infrastructure now exists.'