Fiat24 will suspend new account opening services for users in mainland China starting from 12:00 on June 5 (UTC+8). The news was posted by Bitget on X. As a result, users in mainland China will temporarily be unable to apply for a Fiat24 card via Bitget Wallet at the time; users who have already completed card onboarding are not affected and can continue to use the service normally.
Scope of impact: differences between mainland users who are new vs. already onboarded
Fiat24’s specific scope of this adjustment: mainland China users who are new to the service will temporarily be unable to apply for a Fiat24 card via Bitget Wallet starting from 12:00 on June 5, 2026 (UTC+8); service for existing users who have already completed card onboarding is not affected, and they can continue to use it normally. Bitget’s announcement states that this adjustment does not affect any existing functions for current users.
Key use cases for the Fiat24 card
The Fiat24 card use cases listed by Bitget in the announcement include:
· Linking daily payment channels such as WeChat Pay and Alipay
· Subscribing to AI tools such as Claude, ChatGPT, and Cursor
· Offline everyday living expenses and online payments
Partnership background between Bitget and Fiat24
Bitget and Fiat24 announced a strategic partnership in December 2024, focusing on payment solutions for ETH, BGB (Bitget Token), and USDC. Fiat24 is a Switzerland-regulated fintech company that provides services to users in 65 countries and regions. It uses a blockchain-based Swiss payments system combined with a Mastercard financial card. At the time of the partnership announcement, Bitget CEO Gracy Chen said that PayFi is one of Bitget and BGB’s long-term strategies.
FAQ
When does the suspension of new account openings in mainland China for Fiat24 take effect?
According to Bitget’s X platform announcement, the suspension takes effect at 12:00 on June 5, 2026 (UTC+8). Bitget said it will continue to monitor subsequent policy changes from Fiat24 and update in real time.
Will mainland China users who have already completed card onboarding be affected?
According to Bitget’s announcement, users who have already completed card onboarding are not affected and can continue to use all existing functions of the Fiat24 card, including services such as linking payment channels and subscribing to AI tools.
What company is Fiat24, and what kind of regulation does it fall under?
Fiat24 is a Switzerland-regulated fintech company that supports users in 65 countries and regions with Swiss offshore bank accounts for cryptocurrencies, together with a Mastercard financial card. Fiat24 and Bitget announced their strategic partnership in December 2024.
