Bybit Integrates Apple Pay to Enhance Cryptocurrency Purchases

Monday, 17/06/2024 | 12:45 GMT by Jared Kirui

This offering aims to boost security, convenience, and competitive pricing for crypto purchases via the Bybit app or website.

It enables users to buy cryptocurrencies with over 20 fiat currencies.

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 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 , 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.