Crypto exchange Bybit is introducing a physical crypto card powered by the Mastercard payment system, designed to simplify the use of digital assets for everyday and international transactions.
Bybit Limited announced the launch of the Bybit Physical Card, in partnership with S1LKPAY. The issuance of this payment tool is licensed by the Astana International Financial Centre’s (AIFC) Astana Financial Services Authority (AFSA).
The Bybit Physical Card is tailored for international users, enabling them to spend cryptocurrency worldwide wherever Mastercard is accepted. According to the press release, the card will be especially useful for travelers and those making cross-border payments.
Among the card’s benefits are:
- integration with Samsung Pay and Google Pay;
- no hidden fees or recurring charges;
- 10% cashback (up to $300) on first purchases;
- 2% cashback in USDT and AVAX;
- up to 8% annual percentage rate (APR) on earnings programs.
To obtain the Bybit Physical Card, users must first sign up for a virtual Bybit card before applying for the physical version. The issuance fee is $29.99, with delivery taking approximately five business days, depending on the recipient’s location. VIP users receive free issuance and delivery.
The convenience of cryptocurrency for international transactions and travel payments was highlighted by CoinsPaid CEO Max Krupyshev in the Purpose Driven FinTech podcast. “Cross-border crypto payments are far more convenient than even modern FinTech rails. USDT has no weight, no expiration date. Meanwhile, a significant portion of international trade is based on the U.S. dollar.”
In December 2024, Bybit launched pre-registration for its new physical Mastercard crypto card for users in Brazil.
