Latest news with #JamieElkaleh
Forbes
31-07-2025
- Business
- Forbes
How Digital Payments Are Reshaping The Shopping Journey
Jamie Elkaleh is the Chief Marketing Officer at Bitget Wallet. If you've ever waited days for an international payment to clear or watched a promising sale vanish because a customer got tired of typing in credit card details, you've felt the friction baked into traditional payment systems. For decades, traditional payment systems—credit cards, wire transfers, even cash—have defined how transactions happen. But today's blockchain-based digital payments are reshaping the customer journey in ways that go far beyond novelty. They are setting a new standard for speed and transparency while opening new frontiers for merchants who once struggled to reach global customers. Frictionless Checkout And Faster Settlements One of the most visible changes blockchain has brought is frictionless checkout. With crypto wallets, transactions settle in seconds on fast chains like Solana or Tron. Compare that to credit cards, which typically take one to three days to settle, or bank wires that can drag out for up to a week. According to Bitget Wallet's Onchain Report, 46% of digital wallet users cite 'fast transactions as their main reason for using cryptocurrency payments' over traditional methods. When customers can complete a purchase almost instantly, they are less likely to abandon a transaction. You don't have to repeatedly tap in credit card numbers or wait for verification, so the process feels more seamless and efficient. We've also seen that this speed has a direct impact on merchant cash flow. Instead of waiting days for funds to clear, businesses get paid right away. For small businesses, especially, faster settlement can be the difference between staying solvent and struggling. Security, Transparency And The End Of Chargebacks Beyond speed, blockchain also delivers an unprecedented level of security and transparency. With immutable ledgers and tokenization, the risk of fraud drops significantly. According to a report by Mastercard, chargebacks alone cost merchants around $117 billion in 2023, with about 70% of that attributed to fraudulent activity. Because blockchain shifts payments from pull-based to push-based, chargebacks almost disappear. Once a crypto transaction is confirmed, it's final. This protects merchants from disputes and reduces the need for complex refund processes. For brands, that translates to fewer headaches and lower operational costs. Smart contracts add another layer of innovation. Self-executing agreements trigger payments when certain conditions, such as delivery confirmation, are met without manual intervention. According to IBM's blockchain case studies, smart contracts are already automating settlement and supply chain flows for companies like Walmart and Merck. This is the kind of operational efficiency many brands could only imagine a few years ago. New Markets, New Customers A lot of people still think of digital payments as a niche used by early adopters. The reality is that crypto is opening doors for brands to reach completely new audiences. Globally, 1.4 billion people lack access to a bank, primarily in Southeast Asia, Africa and Latin America. Many of these consumers are eager to participate in the digital economy but are excluded from traditional banking. Crypto payments enable purchases across regions with limited infrastructure, giving brands an opportunity to build loyalty in emerging markets. We also see a significant appetite for digital transactions among crypto-savvy demographics. Over 560 million people already own digital assets, and 93% of them say they would consider making purchases with crypto. For merchants, that's a high-value segment you can't ignore. Another advantage is lower cross-border fees. Traditional card transactions can cost around 4% when you factor in processing and FX fees. Crypto payments, particularly stablecoins pegged to the dollar, can bring that down to as low as 0.5%. When you're operating across borders, that margin difference adds up quickly. Future-Proofing Through Decentralization And Smart Systems Many retailers are now thinking not just about next quarter's revenue, but how to future-proof their business in a world where decentralization is taking hold. • Decentralized resilience removes single points of failure and embeds trust within infrastructure via decentralized protocols. • Custom smart systems give brands long-term agility. Whether it's tokenizing assets, automating supply chain tracking or building loyalty programs, tailored blockchain solutions are becoming a foundation for how companies adapt to changing demands. Finally, the convergence of AI and blockchain is making contract auditing, fraud detection and workflow automation more secure and efficient. It's not about hype. It's about applying these tools to remove friction and build more resilient operations. Advice For Brands Integrating Web3 Payments For marketers and retailers thinking about how to adopt digital payments without alienating existing customers, my advice is to think big but start small. First, use a multi-option approach with a phased rollout. Keep supporting traditional payment methods and introduce crypto options gradually. Pilot Web3 payments on specific products or channels, learn from the results and scale thoughtfully. Second, focus on clear support and communication. Crypto payments can and should feel as easy as (or easier than) traditional checkout. Provide education and customer support so shoppers feel comfortable with how transactions work, what fees to expect and how fast funds move. Trust is built through transparency, not just marketing messages. Finally, incentivize trial periods. Discounts, loyalty tokens and exclusive offers can all motivate customers to try something new. Once people see for themselves how quick and seamless crypto payments are, the learning curve starts to flatten. A Borderless And Instant Future It's easy to think of credit cards as the default way to pay, but there was a time when writing checks felt normal, too. The shift we're seeing now is about more than payment preferences—it's about reimagining the entire shopping journey to be faster, more secure and more inclusive. At Bitget Wallet, we believe the future of commerce is borderless and instant. Digital payments aren't just optional experiments; they're a competitive necessity. The next wave of growth will belong to brands willing to meet customers where they already are: in a world that values speed, transparency and trust above all else. Forbes Communications Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?
Yahoo
26-07-2025
- Business
- Yahoo
Analysts See XRP Hitting $4, Solana $250 as ETF Buzz Builds
XRP is regaining investor attention as a wave of ETF-driven optimism and post-lawsuit momentum builds around the token — even amid price turbulence and large-scale liquidations earlier this week. According to Bitget Wallet CMO Jamie Elkaleh, institutional confidence has improved since Ripple's partial legal win in March, paving the way for futures products like ProShares' UXRP and fueling speculation around a potential spot ETF. 'XRP is regaining market momentum as renewed ETF speculation intersects with increasing legal clarity,' Elkaleh said. 'This shift is boosting market depth and signaling a structural step forward for XRP's legitimacy in U.S. markets.' That narrative helped XRP briefly break above $3.60 before retracing to around $3.09, following $105M in long liquidations and a controversial $175M wallet transfer linked to Ripple co-founder Chris Larsen. Despite the volatility, analysts remain constructive. 'Renewed ETF speculation and legal clarity... are significant catalysts driving XRP toward the $3 mark,' said Ryan Lee, Chief Analyst at Bitget Research. 'With momentum, $3.50–$4 is plausible in the coming weeks.' XRP's ETF exposure is currently limited to futures, but analysts say any progress toward a spot product could drive a second wave of inflows — particularly if the SEC maintains its softened posture post-March ruling. Meanwhile, Solana is also catching a bid on the back of ecosystem growth and ETF chatter. The token now trades near $197, with analysts projecting $200–$250 as the next range if adoption trends continue. 'ETF conversations around SOL are further amplifying interest,' Elkaleh added. 'With a more crypto-friendly regulatory tone emerging in the U.S., sentiment around both XRP and SOL remains constructive.' Both assets face downside risks from macro pullbacks or renewed regulatory friction, but analysts believe fundamentals are finally starting to align with market structure. Liquidity is improving. Institutional flows are growing. And ETF products — even if only futures for now — are creating a bridge that retail and funds alike are beginning to cross. The next move may depend less on narrative — and more on whether inflows can keep pace with expectations.
Finextra
23-07-2025
- Business
- Finextra
Bitget Wallet partners MoonPay for stablecoin-to-fiat offramp
Bitget Wallet has partnered MoonPay to launch a fiat withdrawal feature that allows users to convert stablecoins directly into cash. 0 Through MoonPay, Bitget Wallet users can now sell USDT and USDC stablecoins for more than 25 fiat currencies, including USD, EUR and GBP, without having to go through centralised exchanges. Accessible via Bitget Wallet's "Sell Crypto" page, users in eligible countries can select their token and preferred fiat currency before completing the transaction via MoonPay's platform. As part of the process, users complete identity verification and select their withdrawal method through MoonPay. Supported payout options include Apple Pay and debit or credit cards via Visa and Mastercard. Jamie Elkaleh, CMO, Bitget Wallet, says: "This launch advances our Crypto for Everyone vision, making it easy for users to enter, use, and exit crypto while maintaining control of their assets."
Business Upturn
16-07-2025
- Business
- Business Upturn
Bitget Wallet Offers $6,666 Top Prize in Pump.fun Tokens in Latest Weekly Staking Event
SAN SALVADOR, El Salvador, July 16, 2025 (GLOBE NEWSWIRE) — Bitget Wallet , the leading non-custodial crypto wallet, has launched the fifth edition of its Fomo Thursdays weekly staking event, featuring PUMP, the native token of meme-token platform This week's event offers a $6,666 top prize in PUMP tokens, as interest in meme-token markets continues to grow. Fomo Thursdays is Bitget Wallet's recurring token distribution event designed to simplify access to early-stage token projects. Participants stake $10 USDT, refundable after the event, to receive randomized token rewards distributed via onchain smart contracts. By removing trading and point-based entry requirements, the program lowers barriers to participation. Bitget Wallet reported that more than 50,000 users joined the previous round within 25 minutes of opening. In response to demand, this week's event has expanded to 200,000 entry slots with a total of 10,001 winners. This edition also reflects increased market activity surrounding a Solana-based platform enabling permissionless meme-token creation. Since early 2024, the platform has facilitated over 1.2 million token launches and recently raised over $500 million through a public token sale completed in 12 minutes, according to market data. The trend underscores growing retail interest in low-cost token issuance within the Solana ecosystem. 'Fomo Thursdays offers a simple, wallet-native way for users to access new token ecosystems,' said Jamie Elkaleh, CMO of Bitget Wallet. 'By featuring PUMP this week, we're reflecting broader market interest in meme-token ecosystems as a growing segment of onchain activity.' The staking window runs from July 16 at 13:00 UTC to July 17 at 13:00 UTC, with PUMP token rewards available via Solana chain and USDT refunds available via BNB Chain from July 17 at 14:00 UTC. For more information, visit the Bitget Wallet official channels . About Bitget Wallet Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users' assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people. For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook For media inquiries, contact [email protected] A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Associated Press
02-07-2025
- Business
- Associated Press
Bitget Wallet Expands Fomo Thursdays With 10-Fold More Winners and Doubled Win Rate
SAN SALVADOR, El Salvador, July 02, 2025 (GLOBE NEWSWIRE) -- Bitget Wallet, the leading non-custodial crypto wallet, has launched the third round of its Fomo Thursdays series, expanding the prize pool and participant slots in response to heightened demand. The previous edition saw 20,000 slots claimed in under one hour, with over 2,000 winners. This week, Bitget Wallet has increased the number of participant slots to 100,000 and winner slots to 20,000, representing a 10-fold increase in winners and a doubled win rate of 20%. The prize pool has grown accordingly, with more than 24 million AB tokens allocated. 'Fomo Thursdays continues to gain traction as a low-friction entry point for users to explore new tokens,' said Jamie Elkaleh, CMO of Bitget Wallet. 'With expanded rewards, higher odds, and growing user interest, this week's event marks another step toward making token launches more accessible.' Fomo Thursdays is a weekly token distribution program designed to simplify user participation in early-stage token launches. Each round follows a uniform format: users stake $10 USDT for a chance to receive randomized token allocations. The model removes traditional entry barriers such as trading requirements or point systems and returns all staked funds after the event, minimizing user risk. Token claims and refunds are processed via on-chain smart contracts. This week's featured project is AB Token, a blockchain infrastructure protocol focused on bringing real-world assets (RWA) on-chain. Originally launched as the Newton Project in 2018, AB has evolved into a multichain ecosystem that connects traditional financial assets with blockchain-based applications. It comprises two layers: AB IoT, designed for IoT and DePIN applications, and AB-Core, an EVM-compatible chain supporting DeFi, GameFi, and RWA protocols. The AB rewards will be distributed via BNB Chain. Top prizes include three rewards worth $888 each and twenty second-place prizes worth $188 each, both in AB token equivalent. Participants can stake from July 2 at 13:00 to July 3 at 13:00 (UTC). Token distribution and USDT refunds will begin on July 3 at 14:00 (UTC), with all rewards delivered gas-free via Bitget Wallet. For more information, visit the Bitget Wallet official channels. About Bitget Wallet Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users' assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people. For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook For media inquiries, contact [email protected] A photo accompanying this announcement is available at
