Bybit Launches Crypto Debit Card Across European Economic Area
Bybit has launched its debit card in the European Economic Area (EEA), enabling users to spend digital assets at Mastercard-connected merchants.
- The card supports spending in bitcoin, USDC, and other cryptocurrencies.
- Users can link the card to Apple Pay and Google Pay or withdraw cash from ATMs.
- It complies with Europe’s Markets in Crypto-Assets (MiCAR) regulatory framework.
- New customers can receive 20% cashback on purchases in September after depositing at least $100 in crypto.
- Additional promotions include a 5 euro bonus for the first transaction and referral rewards.
- The card offers rebates on subscriptions like Netflix and Spotify, seasonal travel rewards, and no annual fees.
- Over two million Bybit cards are already in circulation globally.
- This expansion aims to leverage clearer regulations in Europe's crypto market.
Bybit EU CEO Mazurka Zeng highlighted the rapid changes in the digital asset industry due to increasing regulatory clarity and growing adoption.