Silk Road

Apple

Read

Coin

European residents can now opt for a Bybit Card for their crypto-to-fiat conversion following the launch of a new incentive scheme. 
 The program incorporates three welcome bonuses tailored for new users signing up for a Bybit Card. This Bybit Mastercard announcement coincided with Binance discontinuing its Visa card services for EU residents within the same week. 
<h2 class="wp-block-heading" id="competition-for-crypto-debit-cards-is-heating-up">Competition for crypto debit cards is heating up&nbsp;</h2> 
Competition among debit card issuers has a long history, extending back decades. In the crypto era, the importance of virtual and physical cards to digital asset investors has increased significantly.&nbsp; 
These cards, displaying the logos of Visa or Mastercard and their issuing companies, play a critical role in facilitating the movement of funds in and out of the crypto market, serving as conduits for converting to fiat currency and spending crypto in the real world. 
 You might also like: <a href="https://crypto.news/coin-cloud-security-breach-exposes-thousands-of-user-data/"> Coin Cloud security breach exposes thousands of user data </a> 
The&nbsp;<a href="https://www.bybit.com/fiat/cards" target="_blank" rel="noreferrer noopener">Bybit Card</a>, issued by the world’s third-largest crypto exchange, enables users to spend funds from their Bybit accounts at locations accepting Mastercard. 
Beyond facilitating crypto conversion to fiat and vice versa, having a Bybit Card offers additional perks like cashback and loyalty rewards. While such incentives are not unique to Bybit, they can be customized to align with the specific interests of crypto investors. 
With the recent expansion of its Mastercard service in Europe, Bybit introduces bonuses for potential users, including a 10 EUR bonus upon signing up, a 5 EUR bonus for the first card transaction, and an additional 10 EUR for the first-time deposit of funds to the Bybit platform. 
<h2 class="wp-block-heading" id="bybit-curtails-its-card-in-europe">Bybit curtails its card in Europe</h2> 
Bybit has observed a notable demand for its crypto debit Mastercard since its launch in March 2023. This card offers a convenient means to convert crypto and is accepted by over 90 million Mastercard-supported merchants. Cardholders in the VIP program receive additional benefits, such as increased loyalty points for each transaction. 
As Bybit expands its Mastercard service, with upcoming integration into Apple Pay and <a href="https://crypto.news/google-pay-next-to-offer-support-for-bitcoin-ether-other-cryptocurrencies/" data-type="post" data-id="14056705">Google Pay</a>, Binance has discontinued its&nbsp;<a href="https://www.binance.com/en/cards" target="_blank" rel="noreferrer noopener">crypto card</a>&nbsp;in Europe. The Visa card will be suspended by the end of the year, concluding a three-year run that attracted significant interest from EU residents. 
 You might also like: <a href="https://crypto.news/bybits-ceo-bridges-path-to-web3-at-silk-road-forum/"> Bybit CEO bridges path to Web3 at Silk Road Forum </a> 
Although Binance has not provided a specific reason for discontinuing the service, the decision aligns with the exchange’s focus on addressing regulatory concerns.&nbsp; 
Combined with introducing new EEA regulations for crypto asset providers, the European market has become a challenging operational environment from a compliance perspective.&nbsp; 
Fortunately, European crypto investors still have various options, including neo-banks supporting digital assets and crypto debit cards from different issuers, including crypto exchanges. 
 Read more: <a href="https://crypto.news/ftx-lawsuit-bybit-recover-953-million-assets/"> FTX sues Bybit to recover $953m in assets </a> 
 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Bybit Card adds new user bonus amid Binance crypto card closure in EU

Table of Contents

crypto.news

Other articles published on Nov 13, 2023

Corporate Investors’ Increasing Interest in Bitcoin and Altcoin Investment Products

TRX Price Prediction 2024-2027: Will TRX Reach $1 Soon?

Bitcoin difficulty metric surges to reach a new peak

Shibarium Needs to Cross This Hurdle to Go Mainstream

Has The Ethereum Price Bull Market Train Left The Station?

Mitigating Future Crypto Mishaps Through Stablecoin Depegging

Join our free newsletter for daily crypto updates!