Thousands of merchants can now activate Bybit Pay through SettlePay, thanks to a new integration between the crypto exchange and the global payment gateway. The partnership extends crypto-fiat transaction capabilities across more than 50 markets, supporting over 150 local payment options.
The move is designed to offer localized onboarding, fraud protection, and streamlined payouts for global businesses, especially e-commerce merchants and cross-border service providers.
“Bybit Pay is scaling our capabilities and network one node at a time to better serve merchants and payers by bridging all eligible payment methods. We are pleased to join forces with SettlePay to broaden our network and meet the real-world demands of our community,” said Sophie Chen, Head of Marketing at Bybit’s Payment Business Unit.
According to SettlePay CEO Igor Bokiy, the collaboration enables high-conversion, crypto-enabled payment flows, combining direct access to high-growth markets with local settlement infrastructure.
Tapping New Rails for Global Rollout
Bybit Pay, limited to verified users and restricted regions, is set to scale faster through SettlePay’s localized rails and compliance systems. The partnership takes direct aim at crypto’s conversion choke points, offering merchants a compliance-wrapped shortcut to bypass the usual settlement gridlock.
Crypto-friendly regions with weak banking access could see rising traction. How quickly SettlePay’s merchants adopt Bybit Pay may set the pace for other exchanges looking to embed similar tools into global commerce.
Also Read: Kraken Acquires Crypto-native Proprietary Trading Firm Breakout
