Bybit, the world’s third most visited cryptocurrency exchange, teams up with Mastercard to release a debit card, crypto media outlet Finbold reported on March 6.

According to the insights, users in qualifying countries in Europe and the UK who have completed the KYC and AML processes will be able to quickly migrate from the cryptocurrency world into the fiat world and make purchases or withdraw cash from ATMs using the card.

A core selection of cryptocurrencies, including BTC, ETH, USDT, USDC, and XRP, will be supported by the Bybit Card at launch with the gradual cryptocurrency expending line. The client's remaining balance in these digital assets will be quickly changed into either Euros or British Pounds, depending on the client's location, if a payment is required.

The payment giants had been speculated to put off their future forays into the cryptocurrency sector despite having made several gains in expanding their company into the space owing to concerns about its reliability. Visa, however, has already reaffirmed its dedication to cryptocurrencies and denied allegations that it may halt its support for them because of volatile market conditions.

Source: FINBOLD