Bybit, the second largest cryptocurrency exchange in the world by trading volume, is pleased to announce the launch of the Bybit Card in Georgia, which will provide residents of the country with a new way to pay with cryptocurrency in Mastercard-accepting stores, in accordance with applicable conditions and regional availability.
“Georgia is one of the most dynamic markets in the region, and we are pleased to present the Bybit Card here,” said Tekla Yashagashvili, Regional Manager of Bybit in Georgia. “This launch makes using digital assets in everyday life easier than ever, with the security, flexibility, and rewards that Bybit is renowned for.””The launch of Bybit Card in Georgia is another important step in the development of digital payments and strengthening financial accessibility,” said David Zgudadze, Vice President of Mastercard in Georgia and Armenia. “Mastercard continuously supports innovations that enable consumers to safely and easily use crypto assets in everyday payments. Such partnerships strengthen the financial ecosystem and contribute to technological progress in the country.”
The launch of the card marks the expansion of Bybit’s payment solutions in the region, allowing users to use their cryptocurrency assets for everyday purchases.
The Bybit Card offers instant access to a virtual card after approval, supports multiple cryptocurrencies, and provides secure spending through EMV 3-D Secure protection, competitive conversion rates, and widespread worldwide recognition. In supported regions, the card can also be linked to digital wallets such as Google Pay for contactless payments. A physical card is also available, if available.
In honor of the launch, Bybit is introducing a 10% cashback promotion for eligible cardholders, limited to the equivalent of up to $150 for new users and up to $75 for existing users. To participate in the promotion, you must make an initial deposit of at least $100 (or equivalent) within 30 days of the card’s approval. Participation is limited to users who have passed a Level 1 individual identity check or a business check. Cashback is provided only for payments made using cryptocurrencies, and transactions that do not fall into the relevant categories, including withdrawals to electronic wallets, prepaid wallets, or storage accounts, do not participate in the promotion.
“Our mission is to provide users with a convenient, secure and profitable payment method using cryptocurrency,” said Sophie Chen, head of marketing at Bybit’s payment division. “The increased use of the Bybit card in Georgia reinforces our commitment to narrow the gap between digital assets and day-to-day expenses, providing more people with access to the benefits of modern financial innovation.”The launch of the Bybit card in Georgia is an important milestone for the country’s digital finance ecosystem,” said Salim Danani, CEO and co—founder of Pave Bank. “Pave Bank is proud to support this initiative by providing the appropriate banking infrastructure and the ability to make payments. This partnership reflects our commitment to foster innovation, support regulated adoption of digital assets, and connect global fintech solutions to the Georgian market.”
The Bybit Card offers instant access through the virtual version after approval, while the physical card is available for wider use. It provides seamless cryptocurrency spending at competitive rates with full global Mastercard support. The launch of the Bybit Card in Georgia follows Bybit’s broader commitment to offer innovative financial instruments that bridge cryptocurrency and traditional spending. More information is available here.
About Bybit
Bybit is the second largest cryptocurrency exchange in the world, serving a global community of more than 80 million users. Founded in 2018, Bybit is rethinking openness in a decentralized world, creating a simpler, more open and equal ecosystem for everyone. With a particular focus on Web3, Bybit strategically collaborates with leading blockchain protocols to provide reliable infrastructure and drive innovation on the blockchain. Known for its secure storage, diverse markets, intuitive user interface, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, enabling developers, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance on Bybit.com .