Dubai, United Arab Emirates, November 5, 2025 /PRNewswire/ — Bybitthe second largest in the world Cryptocurrency In terms of trading volume, we are pleased to announce the debut of Bybit Pay in Sri Lanka, adding a completely new destination in Bybit Pay’s global footprint. The initial launch covers 50 physical points of sale and 50 digital merchant activations, creating a comprehensive presence across retail, services and online commerce in Sri Lanka’s emerging digital payment network.
Bybit
It has consolidated its existence as limitless encryption-An original payment solution through deep localization and global connectivity. With mobile penetration exceeding 130% and digital adoption ever-increasing, Sri Lanka has a vibrant payment system with significant opportunities for innovation and demand for smart and affordable digital solutions. Entering Bybit Pay will enable encryption-Ready payment methods that serve local merchants and international visitors efficiently.
Digital Assets: A reliable plug-and-play solution for businesses
Bybit Pay offers a refreshing take on democratizing access to Digital assets season. Regardless of the size of the business, and regardless of previous processing experience encryption– 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, allowing local businesses to adopt it seamlessly. encryption Payment solutions and participation in the global movement towards Digital assets– Enabling trade.
Through the new initiative, Bybit Pay will set up 50 Android POS devices across traditional retailers and services, while simultaneously activating 50 digital merchants through a selection process. to request Currently open.
Key Benefits
Among the many reasons why merchants in Sri Lanka should support Bybit Pay, here are some factors that can address the fundamental challenges faced by local businesses and consumers:
- Lightning speed: Merchants and customers on the Bybit Pay network can confirm payments in real-time with instant API payment proof and ultra-fast settlement, eliminating multi-day delays common with legacy methods.
- Affordable access: A cost-effective way for Sri Lankan businesses to go global, while supporting local and international payments at competitive rates. The cost advantage improves profit margins for small businesses and benefits locals and travelers.
- Expanding customer base: Beyond geographical barriers, traders also face a growing generation gap. With Bybit Pay, businesses can enable digital-first payments and encryption-Early consumers who may be deterred by traditional payment gateways.
- Trust and security: with scam– Built-in protection and compliance Bybit Pay’s robust network and security infrastructure boosts payment approval rates, reducing the potential risks and costs of payment disputes for merchants.
- option: Payers and merchants have the flexibility to stabilize encryption Or fiat depending on their preferences.
“The combination of technology-advanced consumers, significant international tourism and Sri Lanka’s diverse business landscape creates ideal conditions for encryption Payment approval said Nazar Tymoshchuk, Regional Director at Bybit. “This offering is part of Bybit Pay’s commitment to… help Make payments painless, efficient and limitless for as many people as possible as they travel the world or build their own businesses.
Bybit Pay will publicly advertise all 100 selected merchants in a user guide and will 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 local growth and international competitiveness.
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About Paybit
Bybit is the second largest company in the world Cryptocurrency The exchange in terms of trading volume, serving a global community of more than 70 million users. Founded in 2018, Bybit is redefining openness in the business world decentralization world by creating a simpler, open and equal ecosystem for all. With a strong focus on Web3, Bybit strategically collaborates with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Known for its secure custody, diverse markets, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and… Decentralized financeEmpowering builders, innovators and enthusiasts to unlock the full potential of Web3. Discover the future decentralization Financing in Bybit.com.
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Source: Paybit
