The cryptocurrency exchange Bybit has integrated Apple Pay with its Bybit Card. This new feature promises a blend of security, convenience, and competitive pricing for users purchasing cryptocurrencies via the Bybit app or website.
According to the press release, this latest offering enables Bybit’s users to use over 20 fiat currencies to purchase cryptocurrencies 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.”
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 the Secure Element chip within the device for safe storage of payment information.
Expect ongoing updates as this story evolves.