Bybit, one of the world's largest cryptocurrency exchanges by trading volume, is expanding its presence by launching crypto maps in Brazil and the Netherlands.
These new cards aim to integrate cryptocurrency into everyday transactions and encourage wider adoption of cryptocurrency.
In Brazil, Bybit has initiated a pre-registration event that started on September 2, 2024. To celebrate the launch, Brazilian users can participate in a referral program, potentially earning up to 5,000 reals in bonuses.
The Bybit card offers virtual and physical options, supports Apple Pay and Google Pay, and features a loyalty program with 2% cashback on all purchases. VIP users can get up to 10% cashback. Supported cryptocurrencies include Tether (USDT), Bitcoin (BTC), and Ethereum (ETH), among others.
In the Netherlands, Bybit Card also offers virtual and physical versions compatible with Apple Pay and Google Pay. Dutch users will be able to take advantage of flexible spending options in euros and major cryptocurrencies such as USDT, BTC and ETH.
Bybit provides a €10 deposit bonus for selected users and 10% cashback on spending, up to €600.
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Fintech giant Revolut is planning to launch its own stablecoin. Sources indicate that Revolut, which recently secured a U.K. banking license and was valued at $45 billion earlier this year, is progressing well with this initiative.
Visa is expanding its crypto payment capabilities through a new partnership with Singapore’s dtcpay.
The Central Bank of Brazil has been developing its digital real project over the past several years.