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Bybit, a cryptocurrency exchange, has unveiled Bybit Card QR Pay, a new payment feature designed for Bybit Card users in Brazil to streamline transactions and enhance user experience.

This solution taps into the Pix payment system, offering real-time transfers and lower transaction fees.

Bybit Card QR Pay is said to help Bybit Card users gain access to a fast and seamless transaction method at lower fees, instant processing, as well as compatibility with a vast network of Pix-supported merchants.

To use Bybit Card QR Pay, cardholders in Brazil can scan a QR code using the Bybit App’s QR scanner.

This integration maintains the card's existing spending limits while offering a new level of convenience for daily transactions.

The service is exclusively available to users transacting with the Brazilian Real (BRL) and requires completion of Identity Verification Level 1 for security purposes.

Bybit is also incentivising new users in Brazil with a welcome offer, the company statement said.

By depositing 100 USDT, new Bybit Card users can receive a 150 BRL reward.

Bybit Sales and Marketing director Joan Han said: “Bybit Card QR Pay is a game-changer for our users in Brazil. With its seamless integration and lightning-fast transactions, this feature is set to redefine how people experience everyday payments.

“We are proud to bring this innovative solution to a market where speed and convenience are essential.”

In June 2024, Bybit Card from Bybit added Apple Pay for its customers .

This feature offers a secure and private way to pay at checkout when using the Bybit app or website to purchase cryptocurrency.

"Crypto exchange Bybit unveils QR Pay for users in Brazil" was originally created and published by Electronic Payments International , a GlobalData owned brand.

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