Despite the hype surrounding cryptocurrencies, few people are using the digital asset for its intended purpose — payments
Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users.
And while payments were one of the main use cases outlined in the Bitcoin white paper, this vision has not yet become a reality for most holders. According to the, global cryptocurrency adoption remains predominantly in the single digits, meaning it is currently in the “early majority” stage of global adoption.
Bybit Card, which appears very similar to a traditional banking tool, allows users to directly convert and withdraw their crypto by deducting funds when they use their card to make a payment. Users don't need to transfer or convert their crypto to a special account.
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