Bybit Launches Mastercard-Powered Crypto Card in Georgia

Published at 2026-01-29 12:00:08

Bybit has rolled out a Mastercard-backed payment card in Georgia, giving residents the ability to spend their digital assets at any merchant that accepts Mastercard. The card converts crypto to fiat at the point of sale, integrating Bybit’s wallet services with a global payments network and expanding everyday payment options for Georgian users.

The launch underscores continued efforts by exchanges to bridge crypto and traditional payments, improving on-ramp and off-ramp accessibility. For consumers, the card offers convenience and broader utility for holdings; for the local market, it could encourage greater retail adoption of crypto payments and increase competition among card issuers and exchanges operating in the region.

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Rwanda's central bank has warned that peer-to-peer cryptocurrency trading in Rwandan francs (FRW) is not authorized, issued three days after Bybit added FRW support on its P2P platform. The notice flags potential financial and consumer protection risks for local users and exchanges.

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Solana Foundation Taps Mastercard, Western Union and Worldpay for Institutional Dev Toolkit

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