Good news are coming from crypto market despite a long bearish crypto winter. Bybit Dubai based centralized exchange has launched new debit card with the collaboration of mastercard. Bybit followed Binance which are offering the same service for its user.
The virtual card has been launched whereas, physical
card will be launched on April. For now card service is available for United Kingdom and selected European countries. You have to maintain a balance of 10 Pound or Euro to use Bybit master card. Master card has accepted on million of merchandise world wide. It will help to promote crypto around the globe. User of the card can easily perform online purchase through crypto without converting crypto into fiat with centralized exchange.User will also cashout crypto currency in fiat through ATM. It will increase the use case of crypto which will ultimately make crypto more popular and adoptable across the globe. Such a move will help massive adoption which will help to strengthen crypto currency.
The best thing about Debit card is that it has no hidden fee. You can buy crypto through fiat and at the same time you can utilize crypto around million of mastercard marchendiser. This move will open new way for crypto currency which are under immense pressure due to global inflation and economic crises.
Currently coin is supporting popular crypto currencies like ETH, BAT, TETHER, AVAX, MATIC, USDC etc. Beside this coin support fiat currency like US Dollar, Australian Dollar, British Pound, Euro and Turkish Lira. Now user of these currencies will easily buy and sell their assets. Bybit will add more currency in future.
In my opinion it is a good move by Bybit which will definitely help to give big boom to crypto currency. I hope the service will be available around the globe in near future. Let's hope for the best.
This is it for my today post. Wish you all a very happy, healthy life ahead. Have a nice time.
