cryptocurrency exchange Bybit has announced a partnership with Mastercard to launch the “Bybit card.” This new product could potentially provide Bybit’s customers with a new way to access and spend their cryptocurrency holdings through a Mastercard debit card. Mastercard has been actively seeking to expand its presence in the cryptocurrency space, as evidenced by its recent collaborations with Bitso, Belo, and Binance.
Bybit playing cards might be to be had in Europe and UK
The debit card could be powered by using Mastercard, for you to additionally permit customers to transform cryptocurrency to fiat, withdraw coins from ATMs, and make purchases. The information from the press release discovered that the card might be to be had for clients in eligible countries within the UK and Europe.
“Initially, Bybit Card can be to be had for a choice of blue-chip cryptocurrencies, namely, BTC, ETH, USDT, USDC, and XRP.”
In accordance with the user’s country of residence, the assets are converted into either GBP or EUR.
“Bybit users will be able to access and manage their funds faster, more securely, and more conveniently. By launching Bybit Card, we are creating a full 360-degree journey for our users, offering next-level reliability, products, and opportunities,” said Ben Zhou, co-founder, and CEO.