Welcome to the future: Bybit has partnered with Mastercard to offer Crypto payments debit card to make payments with online and anywhere a mastercard is accepted. This is taken directly from your crypto funding wallet into your ByBit account. So all you have to do is put crypto such as USDT, BTC, ETH, XRP or 1 of 150 other coins on your funding wallet and you can immediately use your viral debit card for things online such as airline tickets or hotel booking. The plastic card is automatically sent to your home address therefore you must also be level 2 KYC where your proof of addres is verified. You can find the card under Finance - ByBit card.
For example, you can also spend earned crypto directly without having to pay out to a bank first. You transfer it from a wallet, account or exchange to ByBit and put it in your funding account and you spend it directly.
DUBAI, UNITED ARAB EMIRATES - Bybit, the world's third most visited crypto exchange, is proud to announce the launch of Bybit Card, a debit card powered by the Mastercard network, issued by Moorwand. This card allows users to off-ramp crypto into the fiat world to easily make purchases or withdraw cash from ATMs.
Bybit Card will allow users to skip intermediaries and other off-ramp providers and debit their crypto balances directly to pay for goods and services. It will be available to customers in eligible countries in Europe and the United Kingdom who have completed the necessary KYC and AML procedures.
Initially, Bybit Card will be available for a selection of blue-chip cryptocurrencies, namely BTC, ETH, USDT, USDC, XRP and 150 more types of crypto. Payment requests will automatically convert balances in these digital assets into EUR or GBP, depending on the customer's country of residence.
Bybit today launched its free virtual card that enables online purchases, with a physical card scheduled for April. The plastic cards will be sent directly to customers by mail and give them access to ATMs and spending at merchants worldwide, with spending limits aggregated across the currencies in their Bybit account.
"Bybit users will be able to access and manage their funds more quickly, securely and easily," said Ben Zhou, co-founder and CEO of Bybit. "With the launch of Bybit Card, we are creating a full 360-degree journey for our users, providing next-level reliability, products and capabilities. We are confident that these innovative payment solutions will improve people's lives and are a step toward a better future for crypto and finance."
Christian Rau, Senior Vice President, Fintech and Crypto, Mastercard Europe added:
"Mastercard enables customers, merchants and businesses to move digital value - traditional or crypto - however they want, with the confidence that they are doing so securely and reliably. With launches like these, we are excited to continue innovating in payments by making digital assets more accessible across the ecosystem."
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