Bybit Exchange launched Debit Card with partnership of Mastercard

Bybit seems to be doing good in this bear market and as part of the innovation, the exchange has launched its debit card with a partnership with Mastercard. By this announcement, the business has been one of the platforms offering the debit card for crypto spending and there are already a few names in the least that are providing the same services to the people in cryptocurrency.

Binance had been providing the same for a long and even crypto.com is the one that has a bunch of cards to choose from. I believe this is a nice way to provide more crypto payment options to the community, providing the next level of experience to people. This card will be accessible in millions of shops worldwide and there is no requirement to maintain staking and even there is no annual fee. The exchange of their native coin but with the card they have not attached any such condition. Another exciting part is that there is no annual fee involved and even they are not going to charge any hidden fees on the card. Usually, people like this kind of part, when they are not supposed to pay anything extra, and they, will be getting exclusive loyalty rewards on the spends. Who are all this is going to be an upgrade option for the people who are looking for cards for Crypto payments.

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The virtual card was launched by the exchange in Feb and the physical card was launched in March. They are going to open a loyalty rewards shop and even a VIP program next month which is going to bring more excitement for the people who are holding the card. They are also planning to integrate Apple pay and Google pay with the same and it is supposed to happen in Q2 this year.

“Bybit users will be able to access and manage their funds faster, more securely, and more conveniently,” says Ben Zhou, co-founder, and CEO of Bybit. “By launching Bybit Card, we are creating a full 360-degree journey for our users, offering next-level reliability, products, and opportunities.”

I have not got the opportunity to own any card till now and this is why I am looking forward to seeing if they are going to provide this product to Indian users. If that happens then I am going to apply it once its available and if not then I will be waiting to see when its available. Mastercard is a global card issuer company and they seem to be doing good as they also had such a partnership in the past and it shows that they are trying to grow their presence in the crypto space. Let's see when the information about the countries for the availability will be provided and whether India is going to be the one or not. As of now, there is no such update available on their website but I hope this should be available soon. I find it a nice card and that too with no charges so hope it makes the spending more rewarding and easy.

Thank you