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Bybit Launches Physical Card for International Users
Bybit has announced the launch of a physical card, available to its international users, which allows for seamless transactions between digital assets and traditional currencies. This new offering bridges the gap between crypto spending and real-world transactions.
Breaking Down Barriers in Crypto Payments
Traditionally, crypto payments have been limited to online transactions or exchanges. Bybit’s physical card changes this by converting users’ cryptocurrencies into traditional currency at the point of sale, making crypto payments as seamless as using a regular debit card.
Features and Benefits of the Bybit Physical Card
The physical card, issued by Bybit Limited and regulated by the Astana Financial Services Authority, comes with features designed for both new and experienced crypto users. Key benefits include:
- No monthly or annual fees
- Free card for VIP users, while others can obtain one for $29.99
- 2% cashback in cryptocurrencies like Tether (USDT) and Avalanche (AVAX) on eligible purchases
- 10% cashback for new cardholders, capped at $300
- Up to an 8% annual percentage rate
- Integration with Samsung Pay, Google Pay, and Digiseq Wearables for convenient mobile payments
Obtaining the Physical Card
To obtain the physical card, users must first apply for a virtual card. The physical card provides added flexibility for in-person transactions. Bybit is rolling out the card in phases, with a waitlist available for those not yet eligible.
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