Bybit has rolled out a Mastercard-enabled debit card across the European Economic Area (EEA), giving users a direct way to spend cryptocurrencies at millions of merchants.
The card supports spending in bitcoin, USDC and other cryptocurrencies, can be linked to Apple Pay and Google Pay, and allows cash withdrawals at ATMs. Bybit says the product was developed under Europe’s Markets in Crypto-Assets (MiCAR) framework to meet regional regulatory standards.
To celebrate the launch, Bybit EU is offering new customers a 20% cashback on purchases made in September if they deposit at least $100 in crypto. The promotion also includes a €5 first-transaction bonus, referral rewards and perks such as subscription rebates for services like Netflix and Spotify, seasonal travel benefits and no annual card fee. The exchange says it already has more than two million cards in circulation globally.
“There are months where decades happen, and the digital asset industry is having such a moment — thanks to increasing regulatory clarity and growing institutional as well as grassroots adoption,” said Mazurka Zeng, CEO of Bybit EU.
Why it matters: the launch lets European users convert crypto into everyday spending power while operating within a clearer regulatory regime. Users should be mindful that spending crypto exposes them to price volatility and that local rules and fees may vary; read the card’s terms carefully before signing up.
Source: CoinDesk. Read the original coverage for full details.