Bybit Expands in Brazil with Physical Card Offering, Enhancing Global Crypto Spending

3 min read | December 03, 2024 11:17 PM AEDT | By Team Kalkine Media

Highlights

  • Bybit Card Launch Pre-registration for physical Bybit Card now available in Brazil.
  • Crypto Rewards Cardholders can enjoy zero fees, cashback, and up to 8% APY on eligible purchases.
  • Growing Adoption Bybit aims to meet the increasing demand for seamless crypto spending in Brazil and beyond.

Bybit, the world's second-largest cryptocurrency exchange by trading volume (Bybit:USDT), has expanded its presence in Brazil with the launch of the physical Bybit Card. The card, which enables users to easily spend their crypto holdings globally, is now open for pre-registration in Brazil. Users who apply during this early access period will receive free card issuance, making it a limited-time offer for those eager to access new financial tools.

Brazil represents a key market for Bybit in Latin America, where there is a growing demand for reliable and convenient cryptocurrency solutions. With a history of rapid adoption, both the private and public sectors in Brazil have increasingly turned to crypto assets, driving the need for efficient off-ramp solutions. The Bybit Card, available virtually since September 2024, has already served over 28,000 users in the country, simplifying everyday crypto spending.

The physical card brings an added layer of flexibility, allowing users to use crypto for in-store purchases, online shopping, and travel. Bybit has created a two-step process for users in Brazil to secure early access to the physical card:

  1. Apply for the virtual card and wait for approval.
  2. Pre-register for the physical card to secure free issuance.

Successful pre-registration also unlocks exclusive perks, including zero-cost card issuance and a 150 BRL reward for new users who deposit 100 USDT and spend using the card before the end of 2024.

Bybit’s expansion in Brazil also underscores the broader trend of cryptocurrency adoption in the region. The card taps into the ever-increasing use of digital currencies, bridging the gap between crypto holdings and everyday spending.

“We are excited to bring the Bybit Card in physical form to Brazil,” said Joan Han, Sales and Marketing Director at Bybit. “The response to the virtual card has been tremendous, and we are confident that the physical card will provide a seamless experience for our growing community in Brazil and beyond.”

The Bybit Card offers several key features, including:

  • No fees for card issuance, delivery, or annual maintenance.
  • 2% cashback on eligible purchases in USDT, BTC, or ETH.
  • Up to 8% APY on crypto holdings.
  • Immediate access to funds through the virtual card.

With over 90 million merchants worldwide accepting Mastercard, the Bybit Card is set to become an essential tool for users looking to integrate crypto into their daily lives.

As the demand for cryptocurrency solutions grows, Bybit’s efforts to bring innovative financial tools like the Bybit Card to Brazil and other regions highlight the platform’s commitment to providing users with seamless, global crypto spending options.


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