Bybit Card, payment solution offered by popular crypto exchange Bybit, has integrated Apple Pay to provide its customers with a more secure and private option for making cryptocurrency purchases.
The new feature will allow users to enjoy the convenience of using Apple Pay at checkout, while ensuring the utmost security for their transactions, the company 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,” said Joan Han, Sales and Marketing Director at Bybit.
Bybit has hopped on the Apple Pay bandwagon! Now you can use your shiny Apple Pay to make crypto purchases on Bybit with the ease of a tap. No more fumbling with credit cards or bank transfers. Just a simple, secure transaction, all thanks to the power of Apple’s digital wallet.… pic.twitter.com/DpkP5ZUOBu
— TasteCoin TC (@TasteCoinTC) June 17, 2024
Moreober, Bybit users can not only take advantage of Apple Pay when buying cryptocurrencies, but also select from over 20 fiat currencies that are supported by the platform.
“Bybit offers competitive currency rates, ensuring users get the best price for their assets,” the company stated in its press release.
ByBit also announced the launch of a project that aims to engage the crypto community on its ByStarter platform called ZKsync (ZK) project, starting 17 June 2024.
Apple Pay Will Aid Swifter Purchases For Bybit Users
By simply choosing their preferred cryptocurrency and payment currency, Bybit customers can opt for Apple Pay as their payment method during the checkout process. Apple Pay offers a range of benefits, making purchases faster and more convenient for Bybit users.
Bybit assures the seamlessness of payments on iPhone, iPad, or Mac. Customers can enjoy transactions within apps or on the web using Safari, without the need to create additional accounts or repeatedly enter shipping and billing information.
It is worth noting that when using a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or Apple servers, which enhances privacy.
Furthermore, the company assured that authentication methods such as Face ID, Touch ID, or device passcode will be used, along with a unique dynamic security code that ensures the utmost protection for users.
“This integration represents a significant leap forward in our commitment to providing seamless, secure, and innovative financial solutions to the global market,” Han said.
Instead, a unique Device Account Number is generated, encrypted, and securely stored in the Secure Element—a certified chip designed to safeguard payment information on the device.
MoonPay and PayPal Partner To Simplify Crypto Purchases
Similar to Bybit’s collaborations, crypto payment provider MoonPay recently unveiled a strategic partnership with PayPal to enhance accessibility and convenience for crypto transactions.
As a result of this collaboration, users in the European Union (EU) and the United Kingdom (UK) will be able to buy cryptocurrencies using PayPal as a payment option.
EXPLORE: 8 Methods to Buy Bitcoin With PayPal Instantly in 2024
Notably, MoonPay has announced that 1% of its customers in the UK and EU (excluding Croatia, Hungary, and Iceland) already have access to PayPal for their crypto purchases. The partnership aims to streamline the process of buying digital assets, making it easier for individuals in the EU and UK to enter the crypto market.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
