Bybit Partners Manteca to Expand Crypto Payments in Argentina Brazil

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with Manteca, a leading financial infrastructure platform for Latin America. This collaboration aims to enhance Bybit's offerings in Argentina and Brazil, two of the region's largest markets. The partnership will enable Bybit users to make payments via interoperable QR codes in Argentina, facilitated by the Central Bank of Argentina’s Transferencias 3.0 system, and through PIX in Brazil, utilizing technology provided by Manteca.

This integration allows Bybit Pay users to pay at any store that accepts QR in Argentina or PIX in Brazil, seamlessly using their crypto balance. The conversion to local currency is automatic and happens in real time, enabling fast payments without intermediaries or manual withdrawals. Additionally, Argentina becomes the second market in the world, following the success in Brazil, to offer Bybit’s full product suite, including both its card and integrated local payments.

Patricio Mesri, Country Manager for Spanish-speaking Latin America at Bybit, highlighted the significance of this launch, stating, “This launch is a direct response to our users’ need to use crypto practically in their daily lives. Thanks to this integration with Manteca’s infrastructure, we can now offer a much more complete experience: not just investing or saving in crypto, but also paying in real life quickly, simply and securely. It’s a key step in building crypto services that are useful, accessible, and tailored to the local market.”

Federico Goldberg, CEO of Manteca, added, “The fact that a company like Bybit chose us for this integration is clear proof that we can build world-class technology in the region. At Manteca, we’re building the infrastructure that simplifies crypto payments, and what we’re doing with Bybit shows how we can bring that technology to real-world scale, directly impacting thousands of users.”

The new service is now available to all Bybit users in Argentina and Brazil and marks a new step toward real integration between the crypto ecosystem and traditional payment systems in the region. This partnership is a significant move for Bybit, as it looks to capitalize on the growing interest in cryptocurrencies in Latin America. Argentina and Brazil have seen a surge in cryptocurrency adoption, driven by economic instability and a desire for financial independence. Bybit's collaboration with Manteca will enable it to offer a more tailored and compliant service to users in these markets, addressing local regulatory requirements and providing a seamless user experience.

Manteca, with its deep understanding of the local financial landscape, will play a crucial role in helping Bybit navigate the complexities of the Argentine and Brazilian markets. The partnership will involve joint efforts to develop new products and services, as well as to enhance existing ones, to better meet the needs of local users. This includes providing educational resources and support to help users understand and utilize cryptocurrencies effectively.

The collaboration is expected to drive growth for both companies, as they work together to tap into the vast potential of the Latin American market. Bybit's advanced trading technology and Manteca's local expertise create a powerful combination that is poised to make a significant impact in the region. This partnership underscores Bybit's commitment to expanding its global footprint and providing innovative financial solutions to users worldwide.