Author: Asianet Pakistan

• Brand-new F1^® Allwyn Global Community Award will recognise and spotlight community-focused initiatives from across the world of Formula 1, with first winner to be presented at the Formula 1^® Heineken Dutch Grand Prix 2025.
• Allwyn to donate €100,000 to each winning initiative at four races this season.

LUCERNE, Switzerland, June 27, 2025 (GLOBE NEWSWIRE) — Allwyn, the multi-national lottery-led entertainment company, and Formula 1 have today announced the launch of the F1^® Allwyn Global Community Award. For the first time ever, community-focused initiatives across the world of Formula 1 will be spotlighted and celebrated on a global stage to showcase their positive impact on society. As well as global recognition, winning initiatives will each receive a €100,000 donation from Allwyn to further transform communities around the world.

Winners must demonstrate a meaningful contribution to society away from the racetrack, which could include advancements in education, culture, wellbeing or sustainability. For each race, the local promoter will identify Formula 1-linked community initiatives such as those run by teams, partners and media, which have had an impact in their country. A panel of three judges from Allwyn, Formula 1 and a local representative will agree the winner, who, in addition to the donation, will receive a trophy and a chance to visit a Formula 1 Grand Prix.

The creation of the F1^® Allwyn Global Community Award is part of the multi-year partnership between Formula 1 and Allwyn, reflecting a shared commitment to driving positive change and giving back to the communities in which they operate. The first recipient will be presented with the F1^® Allwyn Global Community Award ahead of the Formula 1^® Heineken Dutch Grand Prix on 31 August. Three additional winners will be chosen later this season, recognising local initiatives at the home of Formula 1 races in the US (Austin and Las Vegas) and Mexico.

Allwyn’s ambition is to extend the Award to cover more races in the 2026 season and further celebrate projects which make a meaningful difference.

Robert Chvátal, Group CEO of Allwyn said: “Championing positive community impact is at the heart of what we do at Allwyn. Our partnership with Formula 1 is the perfect chance to demonstrate our commitment to communities through the creation of this inspiring F1^® Allwyn Global Community Award, supporting the very best community initiatives around the world and bringing them to a huge global audience.”

Stefano Domenicali, President & CEO of Formula 1 said: “It is a pillar of our sport to leave a positive legacy where we race and for many years, we’ve worked with the promoters and regional organisations to do just that, from inviting children from local schools to the track to encourage them to consider a role in motorsport, through to funding education initiatives and welcoming local community outlets and charities to be part of the event. Every year 24 incredible venues open their doors to host us, and we are met with fantastic passion and love at the track and throughout the entire city, so I am very proud to launch the F1^® Allwyn Global Community Award as part of our mission. We will give the local initiatives that go the extra mile for making their communities and make the world a better place the recognition and global platform they deserve.”

The F1^® Allwyn Global Community Award will be presented at the following Grands Prix in 2025:

• Formula 1^® Heineken Dutch Grand Prix 2025 – 29 – 31 August 2025
• Formula 1^® MSC Cruises USA Grand Prix 2025 – 17- 19 October 2025
• Formula 1^® Gran Premio De La Cuidad De Mexico 2025 – 24 – 26 October 2025
• Formula 1^® Heineken Las Vegas Grand Prix 2025 – 20 – 22 November 2025

Notes to Editors

About Allwyn
Allwyn is a leading multi-national lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands across Europe in Austria, Czech Republic, Greece and Cyprus, Italy, the United Kingdom, and the United States (Illinois).

Media enquiries [email protected]

About Formula 1^®
Formula 1^® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. Formula One World Championship Limited is part of Formula 1^® and holds the exclusive commercial rights to the FIA Formula One World Championship. Formula 1^® is a subsidiary of Liberty Media Corporation (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) attributed to the Formula One Group tracking stock. The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

Press contacts
Formula 1 Press Office
E: [email protected]
T: @f1media

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6abc046b-cf50-417b-8eef-eba10083fb1d

GlobeNewswire Distribution ID 1001115096

Image 1: SOUEAST Brand Launched in Saudi Arabia

Building an Omni-Scenario Mobility Ecosystem

True to its “EASE YOUR LIFE” mission, SOUEAST focuses on urban mobility, with a global presence spanning more than 30 countries and regions across Asia, the Middle East, Africa, and Latin America through 144 sales outlets. As an emerging international automotive brand, it has established regional headquarters in key markets to strengthen localized operations.

The company offers stylish, comfort, and warm-tech models—including SUVs and sedans—tailored for urban youth, delivering cost-effective mobility solutions worldwide.

During the event, Mr. Ke, President of SOUEAST International presented the company’s strategy. He highlighted Saudi Arabia’s automotive market potential, noting high vehicle ownership (1.8 vehicles per household) and a young population (70% under the age of 35) as key drivers of demand for smart, personalized vehicles aligned with SOUEAST’s “EASE YOUR LIFE” vision. He noted that Saudi Arabia’s need to upgrade its smart transportation and new energy infrastructure aligns with SOUEAST’s expertise in NEVs and intelligent technology, positioning the brand to meet the preferences of young Saudi Arabia customers and expand its broader market appeal.

At the launch event, SOUEAST announced a brand partnership with popular local actor Tareq Al-Harbi. Known for his strong connection with young audiences, Al-Harbi introduced SOUEAST’s urban-focused models to Saudi Arabia’s next-generation customers. “Tareq’s stylish, approachable, and charismatic image aligns perfectly with our brand vision,” Mr.Ke added. The collaboration marks an important step in establishing SOUEAST’s presence in this dynamic market.

Three Prominent Models Debut, Meeting Diverse Mobility Needs

SOUEAST unveiled three urban-focused models at the event. The S09, a flagship smart premium D-class SUV, redefines spacious luxury with its commanding dimensions: 4,858mm in length, 1,925mm in width, and 1,780mm in height, and a 2850 mm wheelbase. Featuring a robust 2.0T turbocharged engine and a roomy interior, it caters to urban elites with its aesthetic design, intelligent driving features, and luxurious amenities—embodying the brand’s highest standards.

The S07, an urban intelligent C-class SUV, skillfully combines practicality and style for style-conscious urban youth. Beyond its sleek design and comfortable interior, it delivers intelligent features including 12.3-inch connected screens, a 6-way adjustable driver seat with memory, advanced computing chips (8015 for 2WD, 8155 for 4WD), remote engine start, and ADAS—offering luxury-grade connectivity and safety.

Image 3: SOUEAST S07

The S06, a stylish urban SUV, features a dynamic and modern design, highly practical smart technologies, and a digital driving experience. Tailored for the young and energetic urban crowd, it delivers a vibrant and personalized mobility experience. It equipped with L2 intelligent assisted driving system and a 360° panoramic visual parking assist, enhancing both safety and driving pleasure.

Deepening Local Market Penetration, Promoting Comprehensive Localized Operations

SOUEAST’s long-term Saudi strategy, guided by the principle “In Saudi, For Saudi,” emphasizes deep localization. Mr. Ke outlined a series of initiatives, including: establishing a Middle East R&D, a Saudi subsidiary, and a regional parts and service center; creating a “3-hour response circle” through sales and service outlets in core cities by 2026; and deploying a localized “6+2+1” product lineup.

SOUEAST has detailed its strategic development plan for the Saudi Arabia, with the goal of expanding its sales network to 25 outlets over the next three years—all offering comprehensive services including 3 years/60,000 km free maintenance, 6-year roadside assistance, 6 years/200,000 km vehicle warranty, and 10-year/1 million km lifetime engine warranty. The company will also collaborate with Saudi partners to co-create sustainable mobility ecosystems and deliver full-chain “EASE” services, positioning itself as a trusted partner for users.

SOUEAST has officially launched its Saudi subsidiary and unveiled its market strategy, reinforcing its long-term commitment to the Middle East. SOUEAST aims to strengthen its presence in the region while supporting Saudi Arabia’s vision for modern transportation. Additionally, the all-new S06 DM is set to debut in July, offering an exciting new option for young customers.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e4e8e9ab-2d35-43fa-a17d-9ea86021d7e0
https://www.globenewswire.com/NewsRoom/AttachmentNg/cfbec3b4-f17a-4462-bc74-05e16b06ce9d
https://www.globenewswire.com/NewsRoom/AttachmentNg/fce0c0a1-ecf4-49e9-8258-55327824b675

Contact Person: Frida Fu
Email: [email protected]

GlobeNewswire Distribution ID 9485701

RIYADH, Saudi Arabia, June 27, 2025 (GLOBE NEWSWIRE) — SOUEAST has announced a major expansion into the Middle East, launching its Saudi Arabian subsidiary along with a new brand strategy. At the “EASE YOUR LIFE” event, the company debuted three new S-series models: the S09, S07, and S06. This move represents a significant step in SOUEAST’s regional growth. SOUEAST will provide customers in the Middle East with a compelling new option.

Building an Omni-Scenario Mobility Ecosystem

True to its “EASE YOUR LIFE” mission, SOUEAST focuses on urban mobility, with a global presence spanning more than 30 countries and regions across Asia, the Middle East, Africa, and Latin America through 144 sales outlets. As an emerging international automotive brand, it has established regional headquarters in key markets to strengthen localized operations.

The company offers stylish, comfort, and warm-tech models—including SUVs and sedans—tailored for urban youth, delivering cost-effective mobility solutions worldwide.

During the event, Mr. Ke, President of SOUEAST International presented the company’s strategy. He highlighted Saudi Arabia’s automotive market potential, noting high vehicle ownership (1.8 vehicles per household) and a young population (70% under the age of 35) as key drivers of demand for smart, personalized vehicles aligned with SOUEAST’s “EASE YOUR LIFE” vision. He noted that Saudi Arabia’s need to upgrade its smart transportation and new energy infrastructure aligns with SOUEAST’s expertise in NEVs and intelligent technology, positioning the brand to meet the preferences of young Saudi Arabia customers and expand its broader market appeal.

At the launch event, SOUEAST announced a brand partnership with popular local actor Tareq Al-Harbi. Known for his strong connection with young audiences, Al-Harbi introduced SOUEAST’s urban-focused models to Saudi Arabia’s next-generation customers. “Tareq’s stylish, approachable, and charismatic image aligns perfectly with our brand vision,” Mr.Ke added. The collaboration marks an important step in establishing SOUEAST’s presence in this dynamic market.

Three Prominent Models Debut, Meeting Diverse Mobility Needs

SOUEAST unveiled three urban-focused models at the event. The S09, a flagship smart premium D-class SUV, redefines spacious luxury with its commanding dimensions: 4,858mm in length, 1,925mm in width, and 1,780mm in height, and a 2850 mm wheelbase. Featuring a robust 2.0T turbocharged engine and a roomy interior, it caters to urban elites with its aesthetic design, intelligent driving features, and luxurious amenities—embodying the brand’s highest standards.

The S07, an urban intelligent C-class SUV, skillfully combines practicality and style for style-conscious urban youth. Beyond its sleek design and comfortable interior, it delivers intelligent features including 12.3-inch connected screens, a 6-way adjustable driver seat with memory, advanced computing chips (8015 for 2WD, 8155 for 4WD), remote engine start, and ADAS—offering luxury-grade connectivity and safety.

The S06, a stylish urban SUV, features a dynamic and modern design, highly practical smart technologies, and a digital driving experience. Tailored for the young and energetic urban crowd, it delivers a vibrant and personalized mobility experience. It equipped with L2 intelligent assisted driving system and a 360° panoramic visual parking assist, enhancing both safety and driving pleasure.

Deepening Local Market Penetration, Promoting Comprehensive Localized Operations

SOUEAST’s long-term Saudi strategy, guided by the principle “In Saudi, For Saudi,” emphasizes deep localization. Mr. Ke outlined a series of initiatives, including: establishing a Middle East R&D, a Saudi subsidiary, and a regional parts and service center; creating a “3-hour response circle” through sales and service outlets in core cities by 2026; and deploying a localized “6+2+1” product lineup.

SOUEAST has detailed its strategic development plan for the Saudi Arabia, with the goal of expanding its sales network to 25 outlets over the next three years—all offering comprehensive services including 3 years/60,000 km free maintenance, 6-year roadside assistance, 6 years/200,000 km vehicle warranty, and 10-year/1 million km lifetime engine warranty. The company will also collaborate with Saudi partners to co-create sustainable mobility ecosystems and deliver full-chain “EASE” services, positioning itself as a trusted partner for users.

SOUEAST has officially launched its Saudi subsidiary and unveiled its market strategy, reinforcing its long-term commitment to the Middle East. SOUEAST aims to strengthen its presence in the region while supporting Saudi Arabia’s vision for modern transportation. Additionally, the all-new S06 DM is set to debut in July, offering an exciting new option for young customers.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e4e8e9ab-2d35-43fa-a17d-9ea86021d7e0
https://www.globenewswire.com/NewsRoom/AttachmentNg/cfbec3b4-f17a-4462-bc74-05e16b06ce9d
https://www.globenewswire.com/NewsRoom/AttachmentNg/fce0c0a1-ecf4-49e9-8258-55327824b675

Contact Person: Frida Fu
Email: [email protected]

GlobeNewswire Distribution ID 9485701

الرياض, June 27, 2025 (GLOBE NEWSWIRE) —

أعلنت شركة SOUEAST عن توسع كبير في منطقة الشرق الأوسط، بإطلاق فرعها الرسمي في المملكة العربية السعودية إلى جانب استراتيجية علامة تجارية جديدة. خلال فعالية “EASE YOUR LIFE”، وكشفت الشركة عن ثلاثة طرازات جديدة من سلسلة S: وهي S09 وS07 وS06. يمثل هذا الإطلاق خطوة استراتيجية مهمة في مسار نمو شركة SOUEAST الإقليمي. وستقدّم الشركة للعملاء في الشرق الأوسط خيارًا جديدًا مميزًا في عالم السيارات.

الصورة 1: إطلاق العلامة التجارية SOUEAST في المملكة العربية السعودية

بناء منظومة تنقّل ذكية شاملة لمختلف أنماط الاستخدام

تماشيًا مع رسالتها “EASE YOUR LIFE”، تركز شركة SOUEAST على التنقل الحضري، مع حضور عالمي يشمل أكثر من 30 دولة ومنطقة عبر آسيا والشرق الأوسط وأفريقيا وأمريكا اللاتينية، من خلال 144 مركز مبيعات. وبصفتها علامة سيارات دولية ناشئة، أنشأت الشركة مقرات إقليمية في أسواق رئيسية لتعزيز عملياتها المحلية.

تقدم الشركة طرازات stylish وcomfort وwarm-tech – بما في ذلك سيارات الدفع الرباعي والسيارات السيدان – المصممة خصيصًا للشباب الحضري، وتقدم حلول تنقل فعالة من حيث التكلفة في جميع أنحاء العالم.

خلال الفعالية، قدّم السيد “كي”، رئيس شركة SOUEAST الدولية، الاستراتيجية العامة للشركة. وسلط الضوء على الإمكانات الكبيرة لسوق السيارات في المملكة العربية السعودية، مشيرًا إلى ارتفاع معدل امتلاك المركبات (1.8 مركبة لكل أسرة) ووجود شريحة شابة واسعة (70٪ تحت سن 35 عامًا)، كعوامل رئيسية تدفع نحو الطلب على سيارات ذكية ومخصصة، تنسجم مع رؤية الشركة “EASE YOUR LIFE”. وأشار إلى أن حاجة المملكة لتطوير بنيتها التحتية في مجالات النقل الذكي والطاقة الجديدة تتماشى مع خبرات شركة SOUEAST في المركبات الكهربائية الذكية والتقنيات المتقدمة، مما يضع العلامة التجارية في موقع مثالي لتلبية تطلعات الشباب السعودي وتوسيع جاذبيتها في السوق الأوسع.

الصورة 2: السيد كي، رئيس شركة SOUEAST الدولية، يقدّم استراتيجية الشركة

وخلال حدث الإطلاق، أعلنت SOUEAST عن شراكة علامتها التجارية مع الممثل المحلي الشهير طارق الحربي. وبفضل ارتباطه القوي بالشباب، قدّم طارق الحربي طرازات شركة SOUEAST المصمّمة للمدن إلى الجيل الجديد من العملاء في المملكة العربية السعودية. وأضاف السيد كي: “تتوافق صورة طارق الأنيقة، القريبة من الناس، والجذابة تمامًا مع رؤيتنا للعلامة التجارية”. وتُمثل هذه الشراكة خطوة مهمة في ترسيخ حضور SOUEAST في هذا السوق الحيوي والديناميكي.

إطلاق ثلاثة طرازات بارزة لتلبية احتياجات التنقل المتنوعة

كشفت شركة SOUEAST خلال الفعالية عن ثلاثة طرازات مخصصة للمدن. يُعد S09 طراز SUV ذكي فاخر من الفئة D، ويعيد تعريف مفهوم الفخامة الرحبة بأبعاده القوية: 4,858 مم طولًا، 1,925 مم عرضًا، 1,780 مم ارتفاعًا، وقاعدة عجلات بطول 2,850 مم. ومزوّد بمحرك توربيني قوي سعة 2.0T ومقصورة داخلية رحبة، يلبّي هذا الطراز تطلعات النخبة الحضرية بتصميمه الجمالي وخصائصه الذكية ومزاياه الفاخرة، مجسّدًا أعلى معايير العلامة التجارية.

أما S07، فهو طراز SUV ذكي من الفئة C، يدمج بين العملية والأناقة بطريقة مثالية تناسب الشباب الحضريين المهتمين بالتصميم والأسلوب. وبالإضافة إلى تصميمه الانسيابي ومقصورته المريحة، يقدّم S07 مجموعة من الميزات الذكية تشمل: شاشات متصلة بحجم 12.3 بوصة، مقعد سائق قابل للتعديل بستة اتجاهات مع خاصية التذكّر، شرائح معالجة متقدمة (8015 للدفع الثنائي و8155 للدفع الرباعي)، تشغيل المحرك عن بُعد، ونظام ADAS للمساعدة المتقدمة في القيادة — مما يوفّر تجربة اتصال فاخرة ومعايير عالية للسلامة.

الصورة 3: SOUEAST S07

أما S06، فهو طراز SUV أنيق ومخصص للمدن، يتميّز بتصميم ديناميكي عصري، وتكنولوجيا ذكية عملية، وتجربة قيادة رقمية متطورة. مصمّم خصيصًا لفئة الشباب النشطين في المدن، ويقدّم تجربة تنقل نابضة بالحيوية ومصممة حسب التفضيلات الشخصية. ويأتي مزودًا بنظام قيادة ذكي من المستوى الثاني (L2) ونظام رؤية بانورامية بزاوية 360 درجة لمساعدة السائق على ركن سيارته، مما يُعزّز السلامة ومتعة القيادة في آنٍ واحد.

تعميق التواجد المحلي وتعزيز العمليات المُحلية الشاملة

تعتمد استراتيجية SOUEAST طويلة المدى في السعودية على مبدأ “In Saudi, For Saudi”، حيث تضع التركيز على التوطين العميق للعمليات. وقد استعرض السيد “كي” سلسلة من المبادرات، منها: إنشاء مركز أبحاث وتطوير للشرق الأوسط، تأسيس فرع سعودي، ومركز إقليمي لقطع الغيار والخدمات؛ بالإضافة إلى إنشاء النطاق “3-hour response circle” عبر مراكز البيع والخدمة في المدن الرئيسية بحلول عام 2026؛ وطرح مجموعة منتجات محلية تحت نظام “6+2+1”.

كشفت SOUEAST عن خطتها الاستراتيجية لتطوير أعمالها في المملكة العربية السعودية، والتي تهدف إلى توسيع شبكة مبيعاتها لتشمل 25 مركزًا خلال السنوات الثلاث المقبلة — جميعها ستقدّم خدمات متكاملة تشمل: صيانة مجانية لمدة 3 سنوات أو 60,000 كم، ومساعدة على الطريق لمدة 6 سنوات، وضمان للمركبة لمدة 6 سنوات أو 200,000 كم، وضمان للمحرّك مدى الحياة لمدة 10 سنوات أو مليون كم. وستتعاون الشركة أيضًا مع شركاء سعوديين للمساهمة في بناء منظومة تنقّل مستدامة، وتقديم خدمات “EASE” الشاملة عبر سلسلة القيمة، مما يعزّز مكانتها كشريك موثوق للمستخدمين.

كما أطلقت شركة SOUEAST رسميًا فرعها في السعودية وكشفت عن استراتيجيتها التسويقية، مؤكّدة التزامها طويل الأمد تجاه منطقة الشرق الأوسط. وتهدف الشركة إلى تعزيز حضورها الإقليمي بالتوازي مع دعم رؤية المملكة العربية السعودية نحو تطوير منظومة نقل حديثة. بالإضافة إلى ذلك، تستعد الشركة لإطلاق الطراز الجديد كليًا S06 DM في شهر يوليو، ليكون خيارًا مثيرًا وجديدًا للعملاء الشباب.

Contact Person: Frida Fu
Email: [email protected]

الصور المصاحبة لهذا الإعلان متاحة على:

https://www.globenewswire.com/NewsRoom/AttachmentNg/e4e8e9ab-2d35-43fa-a17d-9ea86021d7e0/ar

https://www.globenewswire.com/NewsRoom/AttachmentNg/cfbec3b4-f17a-4462-bc74-05e16b06ce9d/ar

https://www.globenewswire.com/NewsRoom/AttachmentNg/fce0c0a1-ecf4-49e9-8258-55327824b675/ar

GlobeNewswire Distribution ID 9485701

VICTORIA, Seychelles, June 27, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is now the most liquid platform for altcoins within the 0.3–0.5% price interval, as per reports released by CoinGecko analyzing centralized exchange (CEX) liquidity across key digital assets. This finding comes from a comparative study of order book depth across major trading venues including Binance, Bybit, OKX, Kraken, and Coinbase.

The report, titled “2025 State of Crypto Liquidity on CEXes,” examined order book snapshots and deviation spreads for top-traded tokens such as BTC, ETH, XRP, SOL, and DOGE. It measured liquidity within various price intervals from the mid-market rate, providing a granular view of the actual executable volume for traders. While Binance retained the largest depth for Bitcoin, Bitget outperformed all other platforms in terms of liquidity provisioning for non-BTC assets in the mid-depth trading band.

The analysis highlighted that Bitget consistently maintained superior liquidity for altcoins—particularly within the 0.3% to 0.5% spread from market price—suggesting a favorable trading environment for investors seeking tighter spreads and reduced slippage outside of Bitcoin-heavy strategies. This result positions Bitget as the preferred platform for altcoin traders, as tighter spreads often signal healthier market participation and reduced execution costs.

“Altcoin liquidity is a measurement for market depth, and this ranking shows how far Bitget has come. Today, institutions drive 80% of our spot volume, futures activity from professional firms has doubled, and 80% of top quant funds trade on Bitget. Liquidity is infrastructure — and we’re building it where the market needs it most,” said Gracy Chen, CEO at Bitget.

CoinGecko’s liquidity evaluation focused not just on headline volumes but on actual order book thickness and slippage tolerance at different price bands, making it a more accurate reflection of trading experience. Bitget’s strong presence in these middle bands shows its capacity to sustain meaningful trading depth beyond high-cap assets, which remains a challenge for many centralized platforms.

In an increasingly fragmented liquidity landscape, the report suggests that Bitget’s performance could be attributed to active market-making infrastructure, listing strategy, and strong retail and institutional participation in the altcoin segment. The findings are particularly relevant as trading costs and depth disparities remain a priority for professional traders and funds operating across multiple venues.

To read the full report, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9ae8f2c1-46a6-4f06-af5a-2e02b8c8ea56

GlobeNewswire Distribution ID 1001115027

SAN SALVADOR, El Salvador, June 27, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial Web3 wallet, is advancing its PayFi initiative by exploring the integration of QR code technology into decentralized payment systems. This ongoing research marks a significant step in demonstrating how self-custodial wallets can bridge the gap between traditional financial infrastructure and the decentralized world of Web3.

As blockchain adoption expands, integrating crypto payments into familiar systems remains a challenge. Bitget Wallet’s PayFi initiative is exploring how widely used QR code systems, known for their simplicity and mobile compatibility, can be adapted for decentralized use. The goal is to deliver a crypto payment experience that feels familiar while embracing the future of Web3.

“QR code payments are the most natural bridge between today’s habits and tomorrow’s financial systems,” said Jamie Elkaleh, CMO of Bitget Wallet. “Our work on PayFi is about more than just enabling transactions — it’s about designing a user-first experience that makes decentralized payments feel second nature.”

Adoption trends in Southeast Asia underscore the power of QR code infrastructure to drive financial inclusion. In Vietnam, QR payments surged 170% year-over-year in 2023, led by VietQR and major e-wallets like MoMo, ZaloPay, and Viettel Money. Meanwhile, the Philippines has seen rapid growth through its national QR Ph standard, now accepted by over 2.5 million merchants and supported by leading platforms GCash and Maya. These examples highlight the scalability and user familiarity of QR systems—making them an ideal foundation for bridging Web2 and Web3 payments.

Bitget Wallet’s PayFi initiative is focused on exploring how QR-based transactions can function securely within a self-custodial wallet environment. This includes analyzing regional QR payment standards, examining their interoperability with decentralized protocols, and assessing the infrastructure and compliance requirements needed for scalable integration. Still in its early research phase, the project is centered on developing internal proofs of concept and collaborating with external partners to refine the technology. Bitget Wallet is taking a deliberate approach—prioritizing deep understanding and responsible development over rapid deployment, to contribute meaningfully to the evolving Web3 and fintech ecosystems.

Bitget Wallet’s focus has always been on creating tools that empower users in a rapidly evolving financial landscape. With PayFi, the goal is to transform complex backend interactions into seamless user experiences—enabling everyday transactions like retail purchases, peer-to-peer payments, or service subscriptions to be completed directly from a self-custodial wallet.

The integration of QR code capabilities represents more than just a technical upgrade. It reflects a deeper shift toward building payment systems that are inclusive, interoperable, and rooted in user ownership. As Bitget Wallet continues this work, it remains focused on shaping meaningful standards and solutions that can serve both the Web3 community and broader financial ecosystems. In a future where decentralized and traditional systems coexist, Bitget Wallet’s PayFi initiative offers a glimpse into what that reality might look like—where paying with crypto can be as easy as scanning a code.

For more information, visit Bitget Wallet academy.

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 https://www.globenewswire.com/NewsRoom/AttachmentNg/234abb0f-2dc1-49d1-9f59-fe35e1caed20

GlobeNewswire Distribution ID 1001115028