Bybit Pay Debuts in Brazil, Simplifying Crypto and Fiat Transactions

• Bybit Pay launches in Brazil, enabling seamless crypto and fiat payments for over 60M users.
• Brazilian merchants gain access to Bybit’s global user base, supporting crypto and fiat payments.
• Bybit Pay offers secure, blockchain-backed transactions with multi-currency wallet functionality.

Bybit has initiated Bybit Pay operations in Brazil as its authoritative cryptocurrency exchange merges digital currencies with traditional financial services. When Bybit Pay connects to Brazil’s Pix instant payment system, users can access a multi-functional payment platform. The platform now allows verified users to perform frictionless transactions in Brazilian reais (BRL) alongside major digital currencies such as Bitcoin (BTC), Ethereum (ETH), USDT, and USDC.

Bybit Pay Simplifies Payments for Users and Merchants

Bybit Pay enables users to transact instantly between Brazilian reais and digital assets. The integration with Pix ensures that payments are processed quickly and securely. Users can make payments through QR codes, adding convenience for those who prefer a fast and efficient payment experience.

For merchants, Bybit Pay offers access to a large user base exceeding 60 million globally. This enables Brazilian businesses to attract customers looking for flexible payment options. Merchants can accept payments in both crypto and fiat, enhancing the customer experience. Integrating with Pix further solidifies Bybit Pay’s role in Brazil’s growing digital finance ecosystem.

Security and Blockchain Technology Drive Confidence in Bybit Pay

Blockchain technology enhances Bybit Pay’s security, guaranteeing encrypted, tamper-proof transactions. This system protects users’ privacy while maintaining transparency. Integrating blockchain-backed security, Bybit Pay assures users of safe and reliable payments, contributing to the growing trust in digital payment systems.

The platform, therefore, supports Fiat and Cryptocurrencies means that users are able to manage both within a single wallet thus getting to know their transactions easily and conveniently. This feature is in line with Bybit’s mission of being a all-in-one financial app that meets the ever changing requirements of the users.

Bybit Pay’s Promotional Campaign to Boost Adoption in Brazil

To promote adoption, Bybit is having a promotional campaign from 27 January to 28 February 2025 for Brazilian users. Customers with deposits of $100 or more can also get cashback in the form of USDT and are allowed to make payments using Pix QR codes. Bybit will give away cashback to 100 users in a week; the cashback will be determined by the number of transactions made.

The campaign is divided into three levels: the first level will include fifty winners for payments ranging from $5-$10, the second level will include thirty winners for payments ranging from $11-$50, and the last level will include twenty winners for payments ranging from $51-$100. This incentive will encourage people to start adopting it early and thus strengthen Bybit Pay’s position in Brazil’s digital payment market.