Thredd , the leading global next-generation payments processor, announced an expanded partnership with Bybit , the world’s second-largest cryptocurrency exchange by trading volume. The collaboration supports the regional launch of the Bybit Card – Bybit’s flagship multi-currency crypto debit card – which bridges the gap between digital assets and everyday payments in key global markets.
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Thredd’s processing platform is designed to be scalable and meet regulatory requirements across different regions. With a single connection, Bybit can configure market-specific programs that comply with local requirements while maintaining centralized visibility. This flexibility has enabled Bybit to rapidly expand into multiple markets, with further expansion planned.
More than 2 million users worldwide trust the Bybit Card for key reasons: competitive rewards for cardholders, true global access, and effortless convenience when exchanging cryptocurrencies for fiat currencies. Bybit leverages Thredd’s infrastructure to issue both virtual and physical Visa and Mastercard payment cards, allowing its users to spend their cryptocurrency holdings in real time, just like fiat currencies. The partnership also includes full wallet tokenization, enabling seamless integration with Apple Pay, Google Pay, and Samsung Pay, as well as supporting several other digital wallets currently available. As Bybit expands its presence, Thredd supports its market entry with localized BIN issuance and real-time card verification capabilities.
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“Bybit is building the next era of digital finance, and Thredd is proud to help them turn their crypto vision into reality,” said Jim McCarthy, CEO of Thredd. “Our platform enables them to scale globally with secure card issuance, wallet tokenization, and rapid entry into new markets.”
“Thredd’s platform plays a crucial role in bridging the gap between cryptocurrencies and everyday trading. We have entered into a strategic partnership to offer our users a seamless, borderless payment experience,” said Sophie Chen, Head of Marketing, Payment Business Unit at Bybit. “Thanks to their multi-currency BIN setup, wallet integrations, and agile tech stack, we can trade quickly and compliantly, regardless of region.”
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This partnership demonstrates how crypto-native platforms like Bybit can offer mainstream financial services through the right infrastructure. With Thredd’s support, Bybit is setting the standard for what modern, crypto-connected payments can look like on a global scale.
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Source : businesswire