Bybit introduces its Physical Card in Brazil, enabling cryptocurrency transactions, providing cashback, and facilitating worldwide spending without any fees or annual charges.
In a recent development, Bybit – one of the world’s top two cryptocurrency exchanges in terms of trading volume – has introduced its Bybit Physical Card for users based in Brazil. This innovative feature enables Brazilians to execute both virtual and tangible transactions using their digital currencies. This strategic step aims to cater better to the rapidly expanding Brazilian market, while also simplifying the process of incorporating cryptocurrencies into everyday expenditures.
As per the recent announcement, the Bybit Physical Card offers numerous advantages. For qualifying purchases, users receive a 2% cashback. Additionally, this card allows transactions using well-known cryptocurrencies such as USDT, BTC, and ETH. Furthermore, it supports global spending and is compatible with Apple Pay and Google Pay. The card does not have any annual or monthly fees, and issuance and sending are free of charge. Lastly, eligible balances can earn users up to an 8% Annual Percentage Rate (APR).
Bybit Sees Strong Growth in Virtual Card Users, Introduces Physical Card in Brazil
Since its launch in September, the user base of Bybit’s virtual card has tripled, with Bybit Card Sales and Marketing Director Joan Han expressing satisfaction with the product’s success. Han stated that she feels a sense of pride in adding the physical card to their existing offerings. Bybit aims to provide innovative solutions for users, aiming to unlock the full potential of their digital assets, according to Han.
1st, Brazilian users should initially obtain the Bybit Virtual Card before they can apply for the Bybit Physical Card. The virtual card serves as a stepping stone to acquire the physical version. Bybit launched this product in Brazil, aligning with their mission of simplifying cryptocurrency usage by providing an easy-to-handle financial tool that enhances accessibility.
Bybit is also growing its presence in South America beyond Brazil. In September 2024, the company started accepting pre-registrations for the Bybit Physical Card in Argentina, following the success of their virtual card launch. This physical Mastercard debit card will be accessible to Argentine users who pre-register, with an early bird advantage. The goal is to strengthen Bybit’s presence in South America, particularly focusing on Argentina, the second-largest economy in the region.
The new Bybit Physical Card is warmly received by users in Brazil and Argentina, highlighting Bybit’s expanding influence in the region.
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2025-01-09 12:07