The cryptocurrency exchange Bybit has integrated Apple
Pay with its Bybit Card. This new feature promises a blend of security,
convenience, and better pricing for users purchasing cryptocurrencies through the Bybit app or website.
Access to 20+ Fiat Currencies
According to the press release, this latest offering enables Bybit’s users to access over
20 fiat currencies to purchase digital assets with Apple Pay, reportedly with
zero transaction fees until July 1, 2024, 10 AM UTC. This promotion aims to
encourage users to easily buy cryptocurrencies with their preferred payment
currency directly through Apple Pay.
Apple Pay offers a payment method that is
authenticated by face ID, Touch ID, or a device passcode, along with a unique
dynamic security code for each transaction. Customers can use Apple Pay on
their iPhone, iPad, or Mac without needing to repeatedly input shipping and
billing information.
Joan Han, the Sales and Marketing Director at Bybit,
mentioned: “We are thrilled to offer Apple Pay to our customers as a
checkout option in the Bybit app or website, enhancing their payment experience
with unmatched security and convenience. This integration represents a
significant leap forward in our commitment to providing seamless, secure, and
innovative financial solutions to the global market.”
A New Checkout Option
According to the company, actual card numbers are
never stored on the device or Apple servers when using a credit or debit card
with Apple Pay. Instead, a unique device account number is assigned, encrypted,
and securely stored in a chip within the device for safe
storage of payment information.
Recently, the crypto exchange Bybit surpassed 30 million registered users globally. The exchange, one of the largest in terms of
spot volumes, has expanded its customer base by 10 million over the past six
months, Finance Magnates reported.
Last November, Bybit marked its fifth anniversary,
highlighting a surge in new user acquisition, which helped increase its
customer base to over 20 million. As of March 2024, the number of users had
already exceeded 25 million. This increase was reportedly due to a significant
surge in interest in cryptocurrencies in recent months and the rising
popularity of Bybit’s crypto copy trading platform.
This article was written by Jared Kirui at www.financemagnates.com.
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