KEY TAKEAWAYS
- Bybit EU launches the Bybit Card in the European Economic Area, integrating cryptocurrency into everyday transactions.
- New users receive a 20% cashback on eligible spending with the Bybit Card during September, promoting crypto adoption.
- The Bybit Card offers features like instant crypto spending via Apple Pay and Google Pay, and rewards such as no annual fees and subscription rebates.
- Bybit EU ensures regulatory compliance under MiCAR, enhancing investor protection and market integrity in Europe.
Bybit EU, the second-largest cryptocurrency exchange by trading volume, has announced the launch of the Bybit Card across the European Economic Area (EEA). This move aims to integrate cryptocurrency into everyday transactions for users across Europe.
To celebrate the launch, Bybit is offering new users a 20% cashback on eligible spending made with the Bybit Card during September. This initiative is part of Bybit EU’s strategy to enhance crypto adoption by enabling users to spend digital assets at numerous merchants worldwide.
Exclusive Launch Offers and Features
New users can apply for the Bybit Card with ease and select a virtual card design that suits their preferences. The card offers a 20% cashback after the first $100 deposit on crypto-funded transactions within the first month. Additional perks include a €5 bonus for the first transaction in September and referral rewards for inviting friends.
The Bybit Card allows users to spend cryptocurrencies like BTC and USDC instantly through Apple Pay, Google Pay, or a physical Mastercard for global ATM withdrawals. It also provides generous rewards, such as no annual fees and 100% subscription rebates on services like Netflix and Spotify.
Regulatory Compliance and Market Impact
Bybit EU operates under the Markets in Crypto-Assets Regulation (MiCAR), ensuring compliance with European regulations for investor protection and market integrity. The launch of the Bybit Card in Europe signifies a significant step in Bybit’s mission to offer crypto-powered financial solutions to a wider audience.
The promotion is available on a first-come, first-served basis throughout September, with terms and conditions applicable. For more details, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit EU has launched a new crypto card in the European Economic Area, offering a 20% cashback to enhance cryptocurrency adoption for everyday transactions.
Recent industry reports indicate a 15% increase in newly issued crypto cards in Europe, driven by consumer preference for digital payments over traditional cash. This aligns with Bybit’s strategy to promote crypto adoption through incentives like cashback and rebates, leveraging the growing trend of digital commerce among European consumers.
As per insights from Mpost.io, the Bybit Card’s launch is timely, coinciding with increased regulatory clarity and crypto adoption in Europe. This supports Bybit’s efforts to integrate cryptocurrency into daily financial activities, enhancing user engagement and fostering broader market acceptance.
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