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"Bybit Revolutionizes Brazilian Payments with PIX Integration"

Coin WorldMonday, Jan 27, 2025 10:22 am ET

1min read

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched Bybit Pay in Brazil, introducing a cutting-edge payment solution that integrates seamlessly with PIX, the country's leading instant payment system. The launch underscores Bybit's commitment to bridging Web2 and Web3 payments and providing a streamlined way for users to transact in both fiat and cryptocurrency. Wherever there is PIX, Bybit Pay can be used.

Bybit Pay allows users to connect their crypto wallets to a variety of financial possibilities, supporting both fiat and cryptocurrency. The platform simplifies transactions across websites, mobile applications, and point-of-sale (POS) systems, offering an intuitive interface for deposits, withdrawals, and payments. Its launch in Brazil aligns with the country's growing adoption of digital finance technologies.

Joan Han, Sales and Marketing Director at Bybit, highlighted the significance of the launch: “Bybit Pay is designed to bridge traditional and digital payments effortlessly. Brazil’s forward-thinking adoption of digital finance makes it the ideal market for this launch. By leveraging PIX QR codes and multi-currency support, Bybit Pay offers a seamless, secure, and flexible solution tailored to the evolving needs of our users.”

Currently, Bybit Pay is available to verified users in Brazil through the Bybit app and website. The platform supports payments in Brazilian reais (BRL) and leading cryptocurrencies, including USDT, USDC, BTC, and ETH.

Key features and benefits of Bybit Pay include PIX QR code compatibility, integrated wallet management, multi-currency support, and blockchain-backed security. Merchants gain the ability to accept payments from Bybit’s global user base of over 60 million, broadening their customer reach and providing an integrated fiat-crypto payment experience.

To celebrate the launch, Bybit is offering a promotional campaign that rewards early adopters. The event period is from January 27 to February 28, 2025. Users who deposit an equivalent of $100 or more and complete a payment by scanning a PIX QR code are eligible for the promotion. Each week, 100 participants will be randomly selected to receive 100 percent cashback in USDT, capped at the BRL equivalent of 100 USDT per user.

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