Crypto exchange Bybit will reportedly launch its new debit card, which will permit users to conduct fiat-based transactions by using their cryptocurrency holdings. Operating on the Mastercard network, the Bybit card enables the debiting of cryptocurrency balances to facilitate payments for goods and services, as well as cash withdrawals. Initially available as a free virtual card for online purchases, physical debit cards are expected to be launched in April 2023. The card will support Bitcoin, Ether, Tether, USD Coin and XRP, and will automatically convert balances into euros or pounds based on the user’s country of residence.
Source: https://www.reuters.com
