KEY TAKEAWAYS
- Bybit has globally launched Bybit Pay, a crypto payment solution supporting 15 major cryptocurrencies, enhancing financial inclusion and streamlining transactions.
- Bybit Pay simplifies crypto transactions by eliminating traditional financial intermediaries, allowing payments via mobile devices.
- The platform features ‘Send’ and ‘Receive’ options, enabling instant asset transfers and payments with QR codes.
- Bybit is promoting ‘Bybit Send & Earn’, offering a prize pool of 100,000 USDT to eligible users until May 30.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the global launch of Bybit Pay, a crypto payment solution that supports 15 major cryptocurrencies. Initially launched in Brazil in January 2025, Bybit Pay is now available to all eligible global users of the platform. This expansion marks a significant step in Bybit’s efforts to enhance financial inclusion and streamline crypto transactions.
The announcement was made at the Web Summit Rio, where attendees had the opportunity to experience the instant payment solution firsthand. With over 70 million international users, Bybit Pay aims to simplify crypto transactions by eliminating the need for traditional financial intermediaries and physical cards. Users can now make payments using only a compatible mobile device.
Features and Adoption of Bybit Pay
Since its global launch, Bybit Pay has recorded over 40,000 transactions. The digital payment gateway allows users to make payments across a global network of merchants, both online and offline. It currently supports 15 mainstream cryptocurrencies, including USDT, USDC, BTC, ETH, XRP, MNT, BNB, and TON.
Bybit Pay has introduced new features, such as ‘Send’ and ‘Receive’. The ‘Send’ feature enables users to transfer digital assets instantly using the recipient’s email address, phone number, or Bybit User ID. The ‘Receive’ feature allows users to get paid with a unique QR code tailored to their preferences for amounts or currencies.
The platform integrates wallet management functionalities for both fiat and crypto, ensuring secure transactions through blockchain-backed security and on-chain encryption. Bybit Pay offers a seamless on and off-ramp experience for digital asset transactions.
Promotional Campaign and User Eligibility
Bybit is currently running a promotional campaign, ‘Bybit Send & Earn’, where eligible users can register to share in a prize pool of 100,000 USDT until May 30. Krista Chan, Head of Marketing, Payment Business Unit at Bybit, stated that the global launch of Bybit Pay is part of the company’s commitment to advancing payment innovation and providing users with a user-friendly solution for crypto transactions.
Bybit Pay is available to global users who have completed identity verification on the platform. However, users from service-restricted countries or local Bybit entities are not currently supported. For more details and updates, users can refer to the official Bybit Pay page.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit has announced the global launch of Bybit Pay, a cryptocurrency payment solution supporting 15 major cryptocurrencies, now available to all eligible global users. This expansion is a pivotal move in enhancing financial inclusion and streamlining crypto transactions.
Recent industry reports indicate that stablecoins are gaining traction as a cost-effective and efficient means for global payments, offering instant settlement across borders. This aligns with Bybit Pay’s objective to simplify crypto transactions by eliminating traditional financial intermediaries. Deloitte
A report by TheStreet highlights expert opinions predicting a shift toward stablecoin-powered payments, emphasizing the transition to fast, inexpensive, internet-native money systems. This supports Bybit’s efforts to provide a seamless and secure payment solution, reinforcing the integration of crypto payments into everyday commerce. TheStreet
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
