The cryptocurrency exchange Bybit has integrated Apple
Pay with its Bybit Card. This new feature promises a blend of security,
convenience, and competitive pricing for users purchasing cryptocurrencies via
the Bybit app or website.
Access to over 20 Fiat Currencies
According to the press release, this latest offering enables Bybit’s users to use over
20 fiat currencies to purchase cryptocurrencies with Apple Pay, reportedly with
zero transaction fees until July 1, 2024, 10 AM UTC. This promotion aims to
encourage users to easily buy cryptocurrencies with their preferred payment
currency directly through Apple Pay.
Apple Pay offers a payment method that is
authenticated by Face ID, Touch ID, or a device passcode, along with a unique
dynamic security code for each transaction. Customers can use Apple Pay on
their iPhone, iPad, or Mac without needing to repeatedly input shipping and
billing information.
Joan Han, the Sales and Marketing Director at Bybit,
mentioned: “We are thrilled to offer Apple Pay to our customers as a
checkout option in the Bybit app or website, enhancing their payment experience
with unmatched security and convenience. This integration represents a
significant leap forward in our commitment to providing seamless, secure, and
innovative financial solutions to the global market.”
According to the company, actual card numbers are
never stored on the device or Apple servers when using a credit or debit card
with Apple Pay. Instead, a unique device account number is assigned, encrypted,
and securely stored in the Secure Element chip within the device for safe
storage of payment information.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
