KEY TAKEAWAYS
- Bybit launches Bybit Pay in Brazil, integrating with PIX to facilitate seamless fiat and cryptocurrency transactions.
- The platform supports multiple currencies, including BRL, BTC, ETH, USDT, and USDC, enhancing digital payment flexibility.
- Bybit Pay offers secure, blockchain-encrypted transactions, expanding merchant reach to over 60 million global users.
- A promotional campaign offers Brazilian users cashback rewards for early adoption of Bybit Pay.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of Bybit Pay in Brazil. This new payment solution integrates with PIX, Brazil’s leading instant payment system, offering users a seamless way to transact in both fiat and cryptocurrency. The launch highlights Bybit’s efforts to bridge Web2 and Web3 payments, providing a streamlined transaction method wherever PIX is available.
Bybit Pay: Enhancing Digital Transactions
Bybit Pay enables users to connect their crypto wallets to various financial opportunities, supporting both fiat and cryptocurrency. The platform simplifies transactions across websites, mobile applications, and point-of-sale (POS) systems, offering an intuitive interface for deposits, withdrawals, and payments. This launch aligns with Brazil’s increasing adoption of digital finance technologies.
Joan Han, Sales and Marketing Director at Bybit, emphasized the importance of this launch, stating, “Bybit Pay is designed to bridge traditional and digital payments effortlessly. Brazil’s forward-thinking adoption of digital finance makes it the ideal market for this launch.” By leveraging PIX QR codes and multi-currency support, Bybit Pay offers a seamless, secure, and flexible solution tailored to the evolving needs of users.
Currently, Bybit Pay is available to verified users in Brazil through the Bybit app and website. The platform supports payments in Brazilian reais (BRL) and leading cryptocurrencies, including USDT, USDC, BTC, and ETH.
Key Features and Benefits
Bybit Pay integrates with PIX, allowing users to scan QR codes to complete payments in fiat or cryptocurrency, providing a convenient experience for Brazilian users. The platform combines crypto and fiat wallet functionality, enabling seamless fund management across both financial systems. It supports a range of currencies, including BRL and popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Bybit Pay ensures secure, tamper-proof transactions through blockchain encryption, maintaining user privacy and transparency. Merchants benefit by accepting payments from Bybit’s global user base of over 60 million, broadening their customer reach and providing an integrated fiat-crypto payment experience.
Welcome Promotion: Cashback for Brazilian Users
To celebrate the launch, Bybit is offering a promotional campaign that rewards early adopters. The event runs from January 27 to February 28, 2025. Users who deposit an equivalent of $100 or more and complete a payment by scanning a PIX QR code are eligible. Each week, 100 participants will be randomly selected to receive 100 percent cashback in USDT, capped at the BRL equivalent of 100 USDT per user.
The winner quotas are as follows: 50 winners for payments of $5 – $10, 30 winners for payments of $11 – $50, and 20 winners for payments of $51 – $100.
Bybit Pay’s integration with PIX, along with its multi-currency support and blockchain-powered security, positions the platform as a transformative solution in Brazil’s digital payment landscape. This launch represents a significant step forward in Bybit’s mission to enhance global payment systems and provide secure, flexible solutions for users and merchants.
For more information, visit the official announcement here.
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