ByBit Rolls Out Debit Card Amid USD Deposit Halt

Breaking News
Written By Keegan King

ByBit, a cryptocurrency exchange based out of Dubai, announced that they will begin a new debit card service that operates on the Mastercard network for users. The debit card will allow users to pay for goods and services anywhere that Mastercard is accepted using crypto assets held in their ByBit accounts. 

The announcement comes only a few days after the company said that they will end USD wire transfers to the platform due to service outages. The juxtaposition of both events should be cause for concern among interested users following the number of crypto exchanges that collapsed over the past year. 

While the implementation of Mastercard allows crypto to be spent more freely around the world, the need to keep all assets on the ByBit exchange is another example of non-custodial ownership.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
Previous

Metaplex Launches Creator Studio For New Builders
Next

Uniswap Announces New Mobile Wallet