Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is increasing its global reach with the launch of its crypto cards in Brazil and the Netherlands, as per the company’s most recent updates shared with Finbold on Tuesday, September 3.
The new cards are set to empower users in both countries by integrating cryptocurrency into everyday transactions and pushing for more widespread crypto adoption.
Bybit Card debuts in Brazil
To celebrate the launch of the card in Brazil, Bybit is kicking off a pre-registration event starting September 2, 2024.
Brazilian users can earn substantial rewards through a referral program.
By generating a referral link and inviting friends to sign up for Bybit and pre-register for the card, users stand a chance to win up to R$5,000 in bonuses. The top 10 referrers will be further rewarded.
The Bybit Card comes with a range of features, including virtual and physical card options compatible with Apple Pay and Google Pay, as well as a loyalty program offering 2% cashback on all purchases.
VIP users can earn up to 10% cashback, making it a lucrative choice for frequent spenders. Supported cryptocurrencies include Tether (USDT), Bitcoin (BTC), Ethereum (ETH), and more, ensuring flexibility for users.
Joan Han, Sales and Marketing Director at Bybit, commented on Brazil’s importance in the crypto sphere, stating:
“Brazil has always been at the forefront of crypto adoption, and we’re thrilled to bring the Bybit Card to our Brazilian community. This card represents more than just convenience — it’s a gateway to a future where blockchain is completely integrated into the economy.”
Bybit Card in the Netherlands
Dutch users will likewise benefit from flexible spending options in both euros and major cryptocurrencies like USDT, BTC, and ETH.
Like its Brazilian counterpart, the Dutch Bybit Card offers virtual and physical options and compatibility with Apple Pay and Google Pay.
In addition, Bybit is offering a €10 deposit bonus for select users and 10% cashback on spending, capped at €600.
Moreover, the referral program will reward referrers with 20 USDT and referees with 10 USDT per referral.
Han commented on the Dutch launch, stating:
“We are thrilled to bring the Bybit Card to the Netherlands. Our goal is to make cryptocurrency accessible and user-friendly for everyone. The Bybit Card is a significant step towards achieving this vision, providing Dutch users with a convenient and rewarding way to spend their digital assets.”
With these new strategic launches in Brazil and the Netherlands, Bybit is reaffirming its commitment to bridging the gap between traditional and decentralized finance (DeFi).