Bybit And Mastercard Team Up For Revolutionary Crypto Debit Card
Cryptocurrency exchange Bybit has announced a new partnership with Mastercard, allowing the launch of a “Bybit card” that will offer users the ability to convert cryptocurrency to fiat, withdraw cash from ATMs, and make purchases. The move is part of a long list of partnerships for Mastercard, including recent collaborations with Latin American cryptocurrency exchange Bitso and numerous other firms.
JUST IN: #Crypto exchange Bybit partners with Mastercard to launch debit card.
— Watcher.Guru (@WatcherGuru) March 6, 2023
Crypto Debit Card for UK and Europe
According to the details from the recent press release, the debit card will be available for clients in eligible countries in the UK and Europe and will be powered by Mastercard. Initially, Bybit Card will be available for a selection of blue-chip cryptocurrencies, namely, BTC, ETH, USDT, USDC, and XRP, and depending on the user’s country of residence, the assets will be converted to either GBP or EUR.
Ben Zhou, co-founder, and CEO of Bybit, said that Bybit users will be able to access and manage their funds faster, more securely, and more conveniently with the launch of Bybit Card. He added that the new card will provide a full 360-degree journey for users, offering next-level reliability, products, and opportunities.
Growth and User Acquisition
The move could help Bybit attract more users to its platform and could also help to further legitimize the use of cryptocurrencies in everyday transactions. The partnership with Mastercard is a significant step in this direction, given the payments giant’s reputation and reach.
Bybit is a popular cryptocurrency exchange that offers a wide range of trading products and services. The exchange has been gaining popularity in recent years due to its user-friendly interface, high liquidity, and low fees. Bybit has also been expanding its reach through various partnerships and collaborations, including with leading blockchain technology providers, research institutions, and industry organizations.
