Wednesday, July 17, 2024
Home > News > Bitcoin News > Bybit card users can now use Apple Pay to fund transactions

Bybit card users can now use Apple Pay to fund transactions

One of the world’s largest cryptocurrency exchanges is now integrating Apple Pay into its platform.

Bybit integrated Apple Pay into its platform in hopes of providing users with a safer, more secure, and private way to purchase crypto through the Bybit app or website. Security and privacy are paramount to Bybit and Apple Pay users, so this integration resolves many security concerns. 

Joan Han, Sales and Marketing Director at Bybit, said, “We are thrilled to offer Apple Pay to our customers as a checkout option in the Bybit app or website, enhancing their payment experience with unmatched security and convenience. This integration represents a significant leap forward in our commitment to providing seamless, secure, and innovative financial solutions to the global market.”

This integration enables users to make purchases on their iPhone, iPad, and Mac. It streamlines the checkout process by removing the need to create accounts or repeatedly enter shipping and billing information.

The Bybit card enables the automatic conversion of cryptocurrencies into fiat for card payments and ATM withdrawals. It supports five cryptos including Bitcoin (BTC) and Ethereum (ETH).

Apple pay

Apple Pay is known for its security and convenience. Each transaction made through Apple Pay is authenticated using Face ID, Touch ID, or a device passcode, along with a one-time unique dynamic security code, ensuring every purchase is secure. This initiative is designed to make the process of buying crypto more accessible and cost-effective for Bybit customers.

When using Apple Pay, a customer’s credit or debit card numbers are not stored on the device or on Apple’s servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in a chip designed to store payment information safely on the device.

Currently, Bybit users can buy cryptocurrencies using over 20 different fiat currencies without incurring any transaction fees until July 1, 2024, at 10 AM UTC.