Bitget Reveals ‘Bitget Card’ at Dubai’s Future Blockchain Summit
- Bitget has announced a new credit card backed by digital assets during a blockchain conference in Dubai.
- Managing director Gracy Chen gave a keynote speech titled “Top Crypto Opportunities in Q4 2023 and Beyond.”
- Chen also noted the potential for the integration of Web3 and artificial intelligence (AI).
- Recently, the executive said that multiple merger and acquisition deals can be expected.
One of the largest crypto derivatives exchanges and copy trading platforms, Bitget, has revealed the new Bitget Card at the Future Blockchain Summit in Dubai Harbour, which is being held from October 15 to October 18. The new offering will mark the firm’s entry into the Middle East, according to a statement.
As per the official announcement published on October 16, the participation of Bitget in the Future Blockchain Summit leverages the firm’s operational scale-up in the region. Interestingly, the new card from the derivatives platform has been described as “a premium crypto-backed credit card that serves as a crypto payment solution.”
It is crucial to note that the Future Blockchain Summit serves as a major event in the MENA region focused on blockchain, digital assets, non-fungible tokens (NFTs), gaming, and Web 3. According to Bitget, this year’s event held in Dubai “adopted a new approach to inspire disruptors, motivate change-makers, and fuel innovation in shaping the next digital frontier.”
The conference also offered multiple lucrative opportunities to investors and blockchain businesses alike, including Academic Masterclasses, the Supernova Challenge, and a Web3 Gaming Showdown. During the event, Gracy Chen, the Managing Director of Bitget, announced the new credit card offering from the firm in a keynote speech titled “Top Crypto Opportunities in Q4 2023 and Beyond.”
“Chen’s insights at the summit provided context for the wider opportunities Bitget aims to seize in the crypto industry. She addressed key concerns within the crypto industry, such as the potential liberalization of U.S. spot Bitcoin ETF regulations and global market trends influenced by significant technical events like Bitcoin’s halving and Ethereum’s Cancun-Deneb upgrade,” noted the release.
The Bitget executive also noted the potential for the integration of Web3 and artificial intelligence (AI). The firm said that it seeks to “redefine crypto trading, offering its user base an intuitive, secure, and efficient financial future.”
As reported earlier by Bitnation, Bitget introduced a new $100 million ecosystem fund with the goal of increasing its presence in crypto. The fund will invest in regional exchanges, analytics firms, media organizations, etc. to increase growth. Chen revealed at that time that multiple deals, including mergers and acquisitions, could be expected in the future.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
