Bybit, a major player in the crypto exchange market, has announced a new feature that enables users to make payments using the Digital Rupee (eRupee).
This addition aims to resolve security issues linked with traditional banking methods and streamline transactions for INR users.
The exchange’s recent move, unveiled on July 30, responds to merchant feedback about banking security concerns.
Bybit’s integration of the eRupee offers a more secure, wallet-based payment solution, addressing both transaction safety and user convenience.
Bybit’s Sales and Marketing Director, Joan Han, highlighted that this development is intended to enhance user experience and attract more merchants to the platform, supporting its growth and market expansion.
This shift reflects a broader trend towards digital payment solutions in the growing crypto sector.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.