Crypto exchange Bybit has just announced the launch of a debit card in partnership with payments giant Mastercard.
The Bybit Card will reportedly allow cardholders to pay for goods and services using a crypto account. The card is already available in Europe in virtual format for online transactions, while its physical version will appear in April 2023.
The service is compatible with BTC, ETH, USDT, USDC and XRP. When paying for purchases, digital assets will be automatically converted into fiat money and debited from the account.
The card is issued by Moorwand, a London-based payment solutions provider.
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Ben Zhou, CEO of Bybit, has said that thanks to the new solution, users will be able to manage their funds "faster, safer and more convenient".
He has added:
"We are confident that these innovative payment solutions will improve people’s lives and are a step towards a brighter future for crypto and finance."