The world of digital payments continues to evolve at a rapid pace, and Bybit is positioning itself at the forefront of this transformation. In a major step forward, Bybit Pay—the innovative payment solution from the global cryptocurrency exchange Bybit—has officially expanded into international markets, launching new "Send" and "Receive" functionalities to enhance user experience and accessibility.
This strategic rollout marks a pivotal moment in the evolution of crypto-based transactions, aiming to simplify how individuals and merchants interact with digital assets in everyday financial activities.
Global Expansion of Bybit Pay
On May 14, 2025, Bybit announced the global launch of Bybit Pay, making it available to compliant users across multiple regions. The service initially debuted in Brazil in January 2025 and quickly gained traction, demonstrating strong market demand. Within just a few days of its international release, Bybit Pay processed over 40,000 transactions, highlighting its growing adoption and scalability.
Bybit Pay is now integrated into a wide network of merchants worldwide, enabling users to make seamless payments both online and in physical stores. This expansion not only strengthens Bybit’s presence in the global fintech space but also supports the broader mission of mainstream crypto adoption through practical, real-world use cases.
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Supported Cryptocurrencies and Flexibility
One of the key strengths of Bybit Pay lies in its support for a diverse range of digital assets. Users can currently transact using 15 major cryptocurrencies, including:
- USDT (Tether)
- USDC (USD Coin)
- BTC (Bitcoin)
- ETH (Ethereum)
- XRP (Ripple)
- MNT (Mantle)
- BNB (Binance Coin)
- TON (The Open Network)
This variety allows users to choose the most suitable asset based on stability, speed, or value—offering flexibility that caters to different financial needs and preferences. For merchants, accepting multiple cryptocurrencies increases customer reach and aligns with the growing trend of decentralized finance integration.
Introducing “Send” and “Receive” Features
To further enhance usability, Bybit Pay has introduced two powerful new features: Send and Receive.
Send: Instant Cross-Border Transfers
The Send feature enables users to transfer crypto instantly using just a recipient’s email address, phone number, or Bybit user ID. Whether sending money to family abroad or splitting bills with friends, this functionality streamlines peer-to-peer transactions without requiring complex wallet addresses.
Available via the Bybit app or website, the Send tool reduces friction in cross-border payments—a common pain point in traditional finance—by offering near-instant settlement with low fees and high security.
Receive: Personalized Payment Collection
The Receive function allows users to generate a unique personal QR code that others can scan to send payments. What sets this apart is the ability to pre-set the amount and preferred cryptocurrency, ensuring clarity and precision during transactions.
This is especially useful for freelancers, small business owners, or anyone collecting recurring payments. Instead of manually requesting funds each time, they can share a customized QR code link via messaging apps or social media, making receiving crypto as simple as scanning a code.
👉 Learn how you can get started with secure, instant crypto transfers today.
Incentivizing Adoption: The “Send & Earn” Campaign
To drive user engagement and accelerate adoption, Bybit has launched the “Bybit Send & Earn” campaign. During the promotional period, eligible participants who complete qualifying transactions can share in a 100,000 USDT prize pool.
This initiative not only rewards early adopters but also encourages users to explore the full potential of the new Send and Receive features. By combining utility with incentive, Bybit is fostering a vibrant ecosystem where crypto payments become routine rather than exceptional.
Advancing the Future of Crypto Payments
Bybit Pay’s global expansion reflects a broader industry shift toward integrating cryptocurrency into daily financial life. As more people seek alternatives to traditional banking systems—especially in regions with limited access to financial services—solutions like Bybit Pay offer a faster, cheaper, and more inclusive way to move money.
Moreover, by focusing on compliance and user-friendly design, Bybit ensures that its services meet regulatory standards while remaining accessible to a wide audience. This balance between innovation and responsibility positions Bybit Pay as a potential leader in the next generation of digital payment platforms.
Frequently Asked Questions (FAQ)
Q: Is Bybit Pay available in all countries?
A: Bybit Pay is rolling out globally but is only available to users in regions where it complies with local regulations. Availability may vary depending on your jurisdiction.
Q: Are there any fees for using the Send or Receive features?
A: Standard network fees may apply depending on the cryptocurrency used. However, Bybit aims to keep transaction costs low compared to traditional remittance services.
Q: How secure is Bybit Pay?
A: Bybit Pay uses advanced encryption and multi-layer authentication protocols to protect user data and funds. Transactions are secured through blockchain technology, ensuring transparency and immutability.
Q: Can I use Bybit Pay without a Bybit account?
A: No, you must have a registered and verified Bybit account to access and use Bybit Pay features.
Q: Does the Receive QR code expire?
A: The QR code does not expire, but you can regenerate it at any time for security purposes or to update payment details.
Q: What happens if I send crypto to the wrong email or phone number?
A: Always double-check recipient details before confirming a transaction. Once sent, cryptocurrency transfers cannot be reversed.
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Final Thoughts
With its global expansion and the introduction of intuitive features like Send and Receive, Bybit Pay is redefining what’s possible in the world of digital payments. By supporting multiple cryptocurrencies, simplifying peer-to-peer transfers, and offering real-world utility through merchant networks, it bridges the gap between crypto enthusiasts and everyday consumers.
As adoption grows and infrastructure improves, we may soon see crypto payments become as common as tapping a card or scanning a QR code at checkout. Bybit is not just participating in this revolution—it’s helping lead it.
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