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 Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term 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 of 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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, 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.