Mastercard Teams Up With Bybit To Introduce New Crypto-Powered Debit Card

Mastercard Teams Up With Bybit To Introduce New Crypto-Powered Debit Card


Payments giant Mastercard is partnering with cryptocurrency exchange Bybit to launch a debit card capable of making transactions using digital asset holdings.

According to the announcement, the debit card will operate over the Mastercard network and customers can use it to make fiat purchases or withdraw cash from ATMs, all debited from their digital asset holdings.

The cards are available to those living in eligible countries in Europe and the United Kingdom. Consumers can already use virtual cards for online transactions and are expected to receive physical debit cards in April.

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The cards will initially allow transactions backed by holdings of Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP. The transactions will convert to Euro or the British pound depending on the

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