Information Technology
Bybit Pay Launches Crypto Payment Solution in Sri Lanka
Bybit Pay offers a refreshing take on democratizing access to the digital asset class. No matter the size of the business, and regardless of prior experience of processing crypto-enabled payments, retail stores, service providers and online merchants will be able to set up a physical point of sale when they join the program.
Bybit Pay has partnered with Ceylon Cash to launch this initiative in Sri Lanka through CeyPay, enabling local businesses to seamlessly adopt crypto payment solutions and participate in the global movement toward digital asset-enabled commerce.
Through the new initiative, Bybit Pay will establish 50 Android POS devices across traditional retail and service merchants, while simultaneously activating 50 digital merchants through a selection process. Application is currently open.
Among the many reasons for merchants in Sri Lanka to support Bybit Pay, a few factors stand out that could address core challenges faced by local businesses and consumers:
" Sri Lanka's combination of tech-forward consumers, substantial international tourism, and diverse merchant landscape creates ideal conditions for crypto payment adoption," said
. "This rollout is part of Bybit Pay's commitment to helping make payments painless, efficient, and borderless for as many people as possible as they travel the world or build their own businesses."
Bybit Pay will publicly announce all 100 selected merchants in a directory for users and continue to grow the merchant network across Sri Lanka . The market entry also supports Sri Lanka's broader digital transformation initiatives while addressing key business and consumer challenges, positioning participating merchants to better serve both domestic growth and international competitiveness.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com .
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