San Salvador, El Salvador, June 29, 2025 (Globe Newswire)-Bitget Wallet, the leading non-protecting Web3-Wallet, is driving the integration of the integration of QR code technology into decentralized payment systems as part of its PAYFI initiative. These ongoing research are an important step to show how self -managed wallets can act as a bridge between the traditional financial infrastructure and the decentralized world of Web3.
With the growing spread of blockchain, the seamless integration of crypto payments into familiar systems remains a demanding challenge. The PayFi Initiative of Bitget Wallet therefore examines how the widespread QR code systems-known for their simplicity and mobile compatibility-can be optimized for decentralized use. The goal is to create a crypto payment experience that preserves both the familiarity of traditional payment systems and opens up the pioneering options of Web3.
“QR code payments are the most natural bridge between today’s habits and the financial systems of tomorrow”, explained Jamie Elkaleh, CMO von Bitget Wallet. “With Payfi we not only pursue the goal of enabling transactions – we want to create an intuitive use experience that makes decentralized payments a matter of course.”
The strong acceptance of QR payments in Southeast Asia underlines the central role of this infrastructure for the promotion of financial inclusion. In Vietnam, QR-based transactions in 2023 rose by impressive 170 % compared to the previous year-driven by initiatives such as Vietqr and leading e-wallets such as Momo, Zalopay and Viettel Money. The market is also growing rapidly in the Philippines: the nationwide standard QR PH is now supported by more than 2.5 million dealers and used by the largest payment platforms Gcash and Maya. These examples illustrate the potential of QR systems in terms of scalability and user-friendliness-properties that make them an ideal bridge between Web2 and Web3 payment worlds.
Bitget Wallet’s PayFi initiative aims to explore the potential of secure QR-based transactions in a self-managed wallet context. The focus is on the analysis of regional QR payment standards, the examination of your interoperability with decentralized protocols as well as the assessment of the infrastructural and regulatory requirements for safe and scalable integration. The project is currently in an early research phase and focuses on the development of internal Proofs of Concept and the collaboration with external partners in order to further develop the technology. Bitget Wallet consciously follows a sustainable approach: Instead of a quick introduction, the focus is on a deep understanding of technology and a responsible development- with the aim of sensibly strengthening the resulting web3 and fintech ecosystems.
Bitget Wallet has always focused on the development of tools that enable users in a rapidly changing financial world. With Payfi, the complexity of decentralized infrastructure is said to remain in the background – in favor of seamless user experiences. For example, everyday transactions such as purchases in retail, peer-to-peer payments or subscription models could be handled directly via self-managed wallets.
The integration of QR code functionalities is much more than a technical upgrade: it symbolizes a paradigm shift towards a payment system that is inclusive and interoperable and is also based on the sovereignty of the user. Bitget Wallet consistently drives this development forward and continues to work on the design of well-thought-out standards and solutions that benefit both the web3 community and the wider financial ecosystem. In a future where there is a side side, the PayFi initiative from Bitget Wallet already provides an outlook on how easy crypto payments can be-as straightforward as scanning a QR code.
For more information please visit Bitget Wallet academy.
About Bitget Wallet
Bitget Wallet is a crypto wallet without key management by a third party that is designed to make crypto easy and safe for everyone. With over 80 million users, it offers a number of crypto services, including swaps, market analyzes, stakings, rewards, daps and payment solutions. Bitget Wallet supports more than 130 blockchains and millions of tokens and enables a seamless multi-chain trade across hundreds of Dexs and cross-chain-bridges. Thanks to a user protection fund endowed with over $ 300 million, a high level of security for the users’ assets is guaranteed. The company’s vision is “Crypto for Everyone” (cryptocurrency for all) – cryptocurrency should become easier, safer and part of everyday life for a billion people.
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