Bybit Introduces Mastercard-Powered Debit Card Days After Halting USD Transfers By DailyCoin

• The new crypto debit card will allow users to pay for goods and services with digital currencies.
• Bybit unexpectedly halted USD transfers on Saturday.
• Bybit users can still deposit USD through other means.

Bybit, one of the largest centralized cryptocurrency exchanges in the world, has been on a roller coaster in the past few days.

On Saturday, the exchange unexpectedly announced that it would halt USD transfers due to a “service outages from a partner.” Bybit gave its users until March 10 to withdraw USD through wire transfers.

https://twitter.com/Bybit_Official/status/1632016050052116480?s=20
However, the exchange said users are still welcome to deposit USD through Advcash Wallet or with a credit card.

Bybit didn’t specify which partner it was referring to. Still, it’s possible it was talking about Silvergate, the cryptobank in the U.S….

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