Pioneering new frontiers in digital finance, Bybit, a leading global cryptocurrency exchange, has unveiled its groundbreaking payment solution, Bybit Pay, for users worldwide. This innovative system is set to transform the way individuals and businesses conduct daily transactions, making crypto payments more accessible and intuitive than ever before. Following extensive testing and a successful pilot in Brazil, Bybit Pay is now available to its vast user base, streamlining the process of sending and receiving digital assets.
Bybit Pay: A Leap Forward in Crypto Payments
Initially launched in Brazil in January 2025, Bybit Pay’s global expansion marks a significant milestone in integrating cryptocurrency into everyday financial activities. The solution gained early traction at events like Web Summit Rio, where thousands experienced its capabilities firsthand. With this global rollout, Bybit’s more than 70 million verified users can now seamlessly engage in crypto transactions directly through the platform’s mobile application.
Bybit emphasizes that its new payment system liberates users from the constraints of traditional banking intermediaries and physical cards. All that’s required to leverage Bybit Pay’s functionality is a compatible mobile device, offering unparalleled convenience and financial autonomy. Since its global debut, the platform has rapidly processed over 40,000 transactions, demonstrating robust demand and efficiency. Bybit Pay is already integrated with a growing network of online and offline merchants globally and supports 15 popular cryptocurrencies, including Bitcoin (BTC), USDT, USDC, Ethereum (ETH), XRP, MNT, BNB, and TON.
Key Features: Send and Receive Capabilities
Bybit Pay’s design is centered around intuitive functionality, offering two primary features:
- Bybit Pay Send: This tool facilitates instant transfers of digital assets. Users can send payments to both corporate clients and individuals simply by using the recipient’s email address, phone number, or Bybit UID within the application or on the website.
- Bybit Pay Receive: Accepting payments becomes effortless with a unique, personalized QR code. Users have the flexibility to customize their QR code, specifying a preferred amount or cryptocurrency for incoming payments.
Beyond these core features, Bybit Pay functions as a comprehensive digital wallet, allowing users to manage both fiat and cryptocurrency funds within a single, unified interface. The platform prioritizes security and privacy, employing on-chain encryption to safeguard transactions against unauthorized access, ensuring a secure and confidential payment experience. All transactions are processed instantaneously, providing a seamless and protected environment for both senders and receivers.
Engage and Earn with Bybit Send & Earn
To celebrate the global launch, Bybit has introduced the “Bybit Send & Earn” campaign, offering users a chance to win a share of a substantial 100,000 USDT prize pool. This promotional event is open to all eligible Bybit users and will run until May 30.
Kristy Chan, Head of Marketing for Payments at Bybit, shared the company’s vision behind the new service: “We are immensely proud to advance payment innovation with the launch of Bybit Pay. It’s more than just a convenient solution for daily crypto operations; it’s an opportunity to extend financial freedom and payment convenience, particularly to the unbanked populations.”
Bybit Pay is currently accessible to all verified users on the Bybit platform. However, it is important to note that service is not available in countries with restricted access. For detailed information and terms of service, users are encouraged to visit the official Bybit Pay page.
Blockchain developer and writer, Daniel combines hands-on coding experience with accessible storytelling. He holds multiple blockchain certifications and authors technical explainers, protocol deep-dives, and developer tutorials to help readers navigate the intersection of code and finance.