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Bybit crypto exchange together with Kazakh startup S1lkPay enter new markets

The Bybit cryptocurrency exchange is expanding the global presence of the Bybit Card in cooperation with the Kazakh startup S1lkPay. Pre-registration is already open.

The Bybit Card, which has become the main payment method for cryptocurrencies for crypto users around the world, is at the stage of expansion. It now covers markets such as Argentina, Brazil and the Netherlands. Pre-registration is already open with a $10 bonus in addition to the many benefits of the Bybit Card for the first 1,000 applicants.

The development is led by Bybit Limited, a company regulated by the Astana Financial Services Authority (AFSA). The first issue of the Bybit Limited branded card (AFSA) is carried out in cooperation with the Kazakh startup S1lkPay, a certified principal member of the Mastercard payment network and a provider of BaaS ("bank as a service") and CaaS ("card as a service") services. S1lkPay will provide support for the release and integration of payment functions in applications for the Bybit Mastercard prepaid card. 

"We are pleased to announce the launch of the first cryptocurrency prepaid card in the region and are partnering with Bybit to offer this long-awaited solution as part of the next chapter of card expansion. This partnership provides cryptocurrency holders with unhindered access to the Mastercard network at any time and anywhere, and also for the first time in our region uses a new method for calculating with the Mastercard payment system in stablecoin, which allows Bybit customers to more reliably control currency risks for transactions with payment cards," said Gani Uzbekov, founder and CEO S1lkPay.

The card is now available in markets such as Argentina, Brazil and the Netherlands, and has earned trust due to reliable protection, excellent customer support, ease of use and profitable experience, as well as ease of access to the Mastercard network.

"Over the past year, we have witnessed the tremendous growth of the Bybit card, and we are pleased that we can serve more regions and users from the EEA to South America, connecting their cryptocurrency wealth and payment needs. Spending and multiplying your cryptocurrencies has never been so easy with Bybit, and now with a bonus before the official launch," says Joan Khan, director of sales and marketing at Bybit.

By offering users with digital assets in their portfolios unhindered access to cryptocurrency, the Bybit Card helps ensure that the use of cryptocurrency and daily consumption become smoother. It also has clear and low commissions, rewards with cashback up to 10% and 8% APY, and a wide range of supported tokens.

The ubiquity of cryptocurrencies includes not only cryptocurrencies as an investment asset class, but also retail use and acceptance by merchants. Bybit strives to improve its products in order to stimulate the adoption of digital assets among ordinary users.

Bybit invites users to get a Bybit Card and take advantage of all its benefits: Pre-registration to receive the card

About S1lkPay:

S1lkPay is a p2p prepaid card exchange platform where users provide instant access to their funds without actually sending money. The company was founded in 2019 by Gani Uzbekov, a native of the banking sector.