Bybit, one of the largest cryptocurrency exchanges in the world, has launched a debit card throughout the European Economic Area (Eea)Offers users a way to spend digital assets with merchants connected to the MasterCard Payment Network.
The Bybit EU card supports spending on Bitcoin, USDC and other cryptocurrencies and allows users to associate the card with Apple Pay and Google Pay or withdraw cash with ATMs, according to a press release, Wednesday. Exchange said the card was designed under European markets in crypto-assets (Micar) Outline of regulation.
To mark the Rollout, the BYBIT offers new customers a 20% cashback on purchases in September, if they deposit at least $ 100 in crypto. The promotion also includes a 5 Euro bonus for the first transaction and referral rewards. Beyond the launch campaign, the card features rebates in subscriptions such as Netflix and Spotify, Pan -time travel and lifestyle rewards, and no annual fees.
Bybit said more than two million of its cards are in circulation worldwide. Expanding the positions in Europe the exchange to tap into a market where regulators have begun to set clearer policies for crypto finance.
“There are months where decades are happening, and the digital asset industry is having such a moment – thanks to the increase in regulatory clarity and growing institutions as well as the adoption of indigenous peoples,” said Mazurka Zeng, CEO of Bybit EU.
