The new integration between the crypto exchange Bybit and the payment gateway SettlePay enhances capabilities for businesses to conduct crypto-fiat transactions in over 50 regions.
New Integration of Bybit Pay and SettlePay
Thousands of merchants can now activate Bybit Pay through SettlePay thanks to a new partnership. This collaboration supports over 150 local payment options and enhances transaction capabilities between cryptocurrencies and fiat.
Key Advantages of the Partnership
The partnership allows for localized onboarding, fraud protection, and streamlined payouts for global businesses, particularly in e-commerce. According to Sophie Chen, Head of Marketing at Bybit’s Payment Business Unit, this network expansion offers merchants more accessible payment methods.
Future Prospects for Bybit Pay
SettlePay's CEO Igor Bokiy notes that this collaboration facilitates crypto-enabled payment flows, potentially paving the way for success for other exchanges seeking to integrate similar tools into global commerce. Bybit Pay, initially available only for verified users and in restricted regions, is set for faster scaling through SettlePay’s localized systems.
With the increasing interest in cryptocurrencies, the integration of Bybit Pay with SettlePay promises to enhance access to crypto-fiat transactions for numerous merchants across various regions. This partnership could positively impact the quality and speed of such payments.
