**DUBAI, United Arab Emirates, Jan. 27, 2025 (GLOBE NEWSWIRE)** – Bybit, the second-largest cryptocurrency exchange globally by trading volume, has launched Bybit Pay in Brazil. This innovative payment solution seamlessly integrates with PIX, Brazil's primary instant payment system, highlighting Bybit's dedication to connecting Web2 and Web3 payments for both fiat and cryptocurrency transactions. Wherever PIX is accepted, Bybit Pay can be utilized. **Bybit Pay: Transforming Digital Transactions** Bybit Pay allows users to link their crypto wallets to diverse financial options, facilitating transactions across websites, apps, and point-of-sale systems. Joan Han, Bybit's Sales and Marketing Director, emphasized that the platform bridges traditional and digital payments, making Brazil an ideal market due to its advancing digital finance landscape.

The platform, now available to verified users, supports payments in Brazilian reais (BRL) and several leading cryptocurrencies including USDT, USDC, BTC, and ETH. **Key Features of Bybit Pay:** - **PIX QR Code Compatibility:** Users can scan QR codes for easy fiat or cryptocurrency payments, creating a familiar user experience. - **Integrated Wallet Management:** Supports seamless fund management across crypto and fiat wallets. - **Multi-Currency Support:** Available for multiple currencies and major cryptocurrencies. - **Blockchain-Backed Security:** Ensures tamper-proof transactions, enhancing user privacy and transaction transparency. **Merchant Benefits:** Merchants can accept payments from Bybit's extensive global user base, enhancing their customer reach with a combined fiat-crypto payment system. **Promotional Offer for Brazilian Users:** To celebrate the launch, Bybit is hosting a promotional campaign from January 27 to February 28, 2025. Users who deposit $100 or more and make a payment via PIX QR code will have a chance to win 100% cashback in USDT each week, with varying quotas depending on the payment amount. **Impact on Brazil’s Digital Payments:** Bybit Pay’s integration with PIX and its robust features positions it as a game-changer in Brazil's digital payment ecosystem, aligning with Bybit's mission to advance global payment systems and offer secure solutions for users and merchants alike. **About Bybit:** Founded in 2018, Bybit serves over 60 million users worldwide. Focused on fostering a transparent decentralized ecosystem, Bybit collaborates with leading blockchain protocols to fortify its infrastructure. Renowned for its secure custody and user-friendly experience, Bybit bridges traditional finance and decentralized finance, empowering innovators within Web3. For more information, visit Bybit Press or contact Tony Au at tony. au@bybit. com. A photo accompanying this announcement is available at https://www. globenewswire. com/NewsRoom/AttachmentNg/8d2640d1-8542-442b-93a8-058da17e062d.