Bybit Expands Global Crypto Card Reach with S1LKPAY Partnership

• Bybit partners with S1LKPAY to expand the global availability of the Bybit Mastercard prepaid card, enabling users to spend cryptocurrency seamlessly across various regions.
• The Bybit Card now reaches markets like Argentina, Brazil, and the Netherlands, offering rewards like up to 10% cashback and an 8% APY on crypto holdings.

Bybit, the second-largest cryptocurrency exchange by trading volume, is expanding its global footprint with the launch of its Bybit Card in collaboration with S1LKPAY, an international payment solutions provider. The card, now available for pre-registration, offers users a $10 bonus for the first 1,000 applicants, along with several benefits tailored for crypto spending.

The Bybit Card, which has been growing in popularity, is already accessible in regions such as Argentina, Brazil, and the Netherlands. It provides users with seamless access to their digital wealth, allowing them to easily spend cryptocurrency via the Mastercard network. The card is known for its security, customer support, and user-friendly interface, making it a preferred choice for crypto-native users across various markets.

This expansion is led by Bybit Limited, regulated by the Astana Financial Services Authority (AFSA), and marks the company’s first branded card issuance in partnership with S1LKPAY. S1LKPAY, a principal member of Mastercard’s payment network, offers Banking-as-a-Service (BaaS) and Card-as-a-Service (CaaS), supporting the integration of payment functions within Bybit’s ecosystem.

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Joan Han, Sales and Marketing Director at Bybit, emphasized the card’s growing reach: “The past year has seen tremendous growth for the Bybit Card, and we are excited to expand to new regions, bridging crypto wealth and everyday payment needs.”

Gani Uzbekov, CEO of S1LKPAY, expressed enthusiasm about the partnership: “We are thrilled to launch the first crypto prepaid card in the region, providing crypto holders with frictionless access to the Mastercard network.”

The Bybit Card offers users up to 10% cashback, 8% APY on balances, and access to a range of supported tokens, making crypto spending more accessible. As cryptocurrency continues to gain mainstream acceptance, Bybit aims to refine its products to encourage broader adoption of digital assets for everyday use.

Pre-registration for the Bybit Card is now open, offering early users the opportunity to take advantage of its full benefits.

Harshajit Sarmah

Harshajit Sarmah is the founder of Crypto India Magazine. An AI and decentralization enthusiast, Harshajit started the media outlet in 2024 after ghostwriting for big-name publications. The name of the company was actually a cheeky SEO gamble—funny how that stuck and became an identity. Today, Crypto India Magazine thrives with a tight-knit community of Web3 & AI entrepreneurs, startup enthusiasts, and even angels and VCs.