KEY TAKEAWAYS
- Bybit expands its P2P platform to support the Bolivian Bolíviano, enabling local users to trade cryptocurrencies in their national currency.
- The new merchant program offers Bolivian users the opportunity to earn commissions by listing BOB trading ads, with potential earnings of up to 400 USDT bi-weekly.
- Bybit’s expansion into the LATAM market reflects its commitment to financial inclusion and enhancing crypto access for local communities.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced the expansion of its peer-to-peer (P2P) platform to support the Bolivian Bolíviano (BOB). This development allows users in Bolivia to buy and sell cryptocurrencies using their national currency for the first time on the platform. The announcement was made here.
In addition to broadening local access to digital assets, Bybit is introducing a new merchant program. This initiative invites users to list BOB trading ads and earn bi-weekly commissions. High-performing merchants have the potential to earn up to 400 USDT every two weeks, with additional incentives available for those who list in multiple fiat currencies.
Merchant Program and Support
Bybit’s merchant program offers tailored support, including personalized customer service and expedited appeal resolutions. To qualify for rewards, merchants must maintain active listings for a specified number of hours each week and meet certain trading volume and order count targets. Performance is reviewed bi-weekly, with rewards distributed through the Rewards Hub.
Mazurka Zeng, Head of Fiat at Bybit, stated, “Expanding our P2P platform to include BOB is a reflection of our dedication to financial inclusion and local empowerment. We’re proud to offer Bolivian users more ways to access crypto markets while also opening the door to new opportunities.”
Commitment to the LATAM Market
This launch marks another step in Bybit’s ongoing commitment to enhancing crypto access and earning potential for communities worldwide through localized, user-friendly P2P services. Bybit is actively expanding in the Latin American (LATAM) market, responding to a consistent rise in user requests from Bolivia to support the Boliviano on its P2P platform.
As cryptocurrency adoption continues to grow across the region, the inclusion of BOB is expected to enhance accessibility for local users, empowering them to engage more easily with the digital asset economy.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit’s expansion of its P2P platform to include the Bolivian Bolíviano (BOB) marks a significant step in enhancing cryptocurrency accessibility in Bolivia, allowing users to engage with digital assets using their national currency.
A recent AInvest report highlights that Latin America is experiencing rapid growth in cryptocurrency adoption, with the region becoming a crucial global crypto hub. This aligns with Bybit’s strategic move to support BOB, reflecting the increasing demand for localized crypto services in Latin America.
As per insights from The Street, experts view Bybit’s expansion in Latin America as a strategic alignment with the region’s rapid digital financial innovation. This supports Bybit’s commitment to enhancing crypto accessibility and financial inclusion in Bolivia and beyond.
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