Bybit, one of the world’s largest cryptocurrency exchanges, has launched its debit card over the European economic area (EEA)that offers users a way to use digital assets on merchants associated with MasterCard Payment Network.
BYBIT EU’s card supports the costs of Bitcoin, USDC and other Cryptocurrencies and allows users to link the card to Apple Pay and Google Pay or withdraw cash to ATMs, according to a press release on Wednesday. The exchange says the map is designed under Europe’s markets in crypto assets (Micar) Legislative framework.
To mark the rollout, Bybit offers new customers a 20% cashback on purchases in September, provided they deposit at least $ 100 in crypto. The campaign also includes a 5 euro bonus for the first transaction and referral pay. In addition to the launch campaign, the card contains discounts on subscriptions such as Netflix and Spotify, seasonal travel and lifestyle ways and no annual fees.
BYBIT says that more than two million of its cards are already in circulation globally. Expansion to Europe is positioning the exchange to utilize a market where regulators have begun to set clearer rules for crypto -tuning.
“There are months when decades happen and the digital asset industry has such a moment – thanks to increasing legislative clarity and growing institutional as well as grass roots adoption,” said Mazurka Zeng, CEO of Bybit EU.
