Just-In: Bybit Exchange Rolls Out Support For Digital Rupee Payment
Highlights
- Bybit rolls out support for eRupee payments.
- The move will mitigate the risk of bank accounts being compromised.
- The platform spotlights adoption to attract a wider pool of merchants.
Crypto exchange Bybit has announced support for Digital Rupee (eRupee) payments addressing problems with traditional banking methods. This move will aid seamless trading among merchants and address security risks. Digital asset exchanges continue to integrate support to help users amid growth competition.
Bybit Adds Support for eRupee
The second largest exchange by trading volume announced launching support for Digital Rupee transactions as a payment method for INR users. In a July 30 release, the exchange stated that this was done in response to feedback from INR merchants over complaints about traditional banking security.
“Bybit the world’s second-largest crypto exchange by trading volume, is excited to launch the Digital Rupee (eRupee) as a new payment method for its INR users. This innovative wallet-based mobile payment solution is now live, offering a secure and convenient way for users to transact on the platform.”
The support will address security concerns and mitigate the risk of cyber criminals targeting accounts while ensuring a robust ecosystem for all parties involved. Bybit continues to roll out programs to aid users and merchants on the platform. With growing crypto adoption globally, several users will have preferences on assets for transactions leading to the constant innovation and feedback between stakeholders to make trading seamless.
Crypto enthusiasts across social media spaces lauded the inclusion of the Digital Rupee support signaling better community participation among others.
Also Read: MiCA Regulation: Circle Exec Reveals How This EU Law Impacts Crypto Market
Platform Eyes Wider Growth
Bybit set sights on more adoption and merchant participation through the recent integration. Joan Han, Bybit’s sales and marketing director added that the eRupee is a cutting-edge payment option at a better experience for users and attracts merchants.
“By incorporating the eRupee payment, Bybit aims to elevate the payment experience for INR users, fostering trust and reliability in every transaction. Furthermore, this initiative is expected to attract a wider pool of merchants to the platform, driving business growth and expanding the reach of Bybit’s services within the market.”
Globally, crypto use cases continue to soar driving users to the sector leverage on cross-border settlements among others.
Also Read: Grayscale Bitcoin ETF (GBTC) Plummets 11% Ahead BTC Mini Trust Distribution
- Bitcoin ETFs Record $2.2B Weekly Inflows as BTC Price Surges Past $120K
- Nomura Eyes to Ripple Dominance in Crypto Trading in Japan as Demand Rises
- Sharps Technology Plans $100M Buyback to Boost Solana Treasury as SSK ETF Hits Record $382M AUM
- Will Bitcoin Reverse to $115K Max Pain Price amid Crypto Options Expiry Today?
- Cardano Gets 100 Million User Exposure With Brave Integration, Whales Scoop 70M ADA
- Bitcoin Price Hits $120K, Is Citigroup’s Bold Q4 Prediction in Motion?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
