Key Information
- Bybit has rolled out its debit card in the European Economic Area, conforming to MiCAR regulations.
- New users can receive 20% cashback during September along with other lifestyle benefits.
Bybit, noted as one of the largest cryptocurrency exchanges worldwide, has recently launched a debit card within the European Economic Area (EEA). This initiative provides users with the capability to utilize digital assets at merchants utilizing the Mastercard payment network.
The card supports spending in cryptocurrencies including bitcoin and USDC. Users can also connect the card with Apple Pay and Google Pay, or withdraw cash from ATMs. This launch is in accordance with the regulatory framework of Europe’s Markets in Crypto-Assets (MiCAR).
To celebrate the launch, Bybit is offering a 20% cashback on purchases for new users this September, contingent upon a minimum deposit of $100 in cryptocurrency. Additionally, users benefit from a €5 bonus on their first transaction and incentives for referrals. The card not only entails numerous advantages but also includes no annual fees and various subscription rebates.
With over two million cards already in distribution globally, Bybit’s expansion into Europe aligns with a market witnessing increased regulatory clarity for crypto-finance.
Mazurka Zeng, CEO of Bybit EU remarked:
“There are months where decades happen, and the digital asset industry is having such a moment — thanks to increasing regulatory clarity and growing institutional as well as grassroots adoption.”
