Bybit, one of the greatest exchanges of cryptocurrency in the world, has launched its debit card through the European Economic Area (EEE)Offering users a way to spend digital assets from merchants connected to the MasterCard payment network.
The Bybit EU card supports expenses in Bitcoin, USDC and other cryptocurrencies and allows users to connect the card to Apple Pay and Google Pay or withdraw money from ATMs, according to a press release on Wednesday. The exchange indicates that the card is designed under European crypto-active markets (Micar) regulatory framework.
To mark the deployment, Bybit offers new customers a 20% cashback on purchases in September, provided they deposit at least $ 100 in crypto. The promotion also includes a bonus of 5 euros for the first transaction and the reference awards. Beyond the launch campaign, the card has discounts on subscriptions like Netflix and Spotify, travel and seasonal lifestyle awards, and no annual costs.
Bybit says that more than two million of his cards are already in circulation worldwide. Expansion in Europe positions the exchange to exploit a market where regulators have started to establish clearer rules for cryptographic finance.
“There are months ago that decades occur, and the digital asset industry has such a time – thanks to increasing regulatory clarity and institutional adoption and the adoption of the base,” said Mazurka Zeng, CEO of Bybit Eu.
