Leading Web3 Bitget Wallet Announces Financial and Technical Support for BTC Ecosystem
Bitget Exchange, the world’s leading cryptocurrency derivatives exchange and Web3 platform, announced that its flagship product Bitget Wallet will implement comprehensive financing and support targeting the Bitcoin ecosystem. The plan includes mid- to long-term investments as well as research and development to attract more users to the solution and improve their experience of interacting with the Bitcoin network.
The development plan announced by Alvin Kan, Chief Operating Officer of Bitget Wallet, highlights the importance of Bitcoin as a cornerstone of the cryptocurrency industry. The introduction of the BRC-20 token and the Ordinals protocol, along with the expanded use of the Lightning Network, are soon cited as key drivers for Web3.
Bitget Wallet currently offers a variety of solutions tailored to the Bitcoin ecosystem to facilitate asset management and cross-chain swaps. Among the services available to Bitcoin enthusiasts are Taproot-compatible EOA and MPC wallet services, as well as BRC-20 and NFT transfer options through the native Bitget Swap feature. The internal Bitget Wallet Dapp browser is another powerful service in the equipment services lineup, providing instant access to Bitcoin ecosystem performance and transaction tracking.
The Bitcoin Ecosystem Support Initiative’s detailed plan foresees investment, support and development efforts aimed at enhancing the network’s growing infrastructure capabilities. The latter includes promising technologies such as Lightning Network, Taproot Assets, Nostr, and various assets such as ARC-20 and BRC-20 tokens. The Lightning Network’s growing reputation as a fast path to Bitcoin’s scalability and throughput deserves Bitget’s greatest attention. Because this technology is expected to serve as a stepping stone for future global and Web3 adoption of Bitcoin.
Bitget Wallet also introduces asset swaps to facilitate transfers from the Bitcoin network to the Lightning Network, supporting assets such as BTC and EVM through the Bitget Swap feature. The ultimate goal of this initiative is to adopt Bitcoin as the standard for financial operations in the Web3 environment and improve the overall user experience by providing convenient, single-point access to all manner of DeFi and blockchain-based services. Bitget Wallet acts as a gateway and facilitator.