by chainwire
Dubai, United Arab Emirates, March 12th, 2026, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the integration of Bybit Pay into the Mastercard Crypto Credential network. The integration enables Bybit Pay users to send and receive digital assets using simple, verified aliases issued under Mastercard Crypto Credential standards – such as a phone number or an email address – while adding more governance requirements, therefore, an additional layer of trust and assurance to every transfer.
Unlike traditional crypto transfers, which rely on long wallet addresses and limited visibility into the recipient, Mastercard Crypto Credential helps verify that both sender and recipient are legitimate, compliant participants under applicable standards before a transaction is initiated. This allows users to send crypto via an easy-to-remember alias, with greater confidence that the recipient’s wallet supports the selected digital asset and blockchain network – helping reduce the risk of errors or misdirected funds before any crypto is sent.
Trust and assurance – built into every transfer
Mastercard Crypto Credential is designed to bring greater clarity and consistency to crypto transactions. Before any transfer occurs, the solution confirms that the recipient is:
- An enrolled user of Mastercard Crypto Credential
- Verified under applicable Mastercard Crypto Credential standards, supporting compliance requirements
- Technically compatible, meaning their wallet supports the selected cryptocurrency and blockchain network
By performing these checks upfront, users gain greater confidence that funds are being sent to the right person, on the right network, under the right conditions — before any crypto leaves their wallet.
The collaboration brings Mastercard’s trusted global payments network and standards-based infrastructure to Bybit Pay, the next-generation payment solution designed to simplify transactions across fiat and cryptocurrencies. Together, Bybit and Mastercard aim to deliver more secure and user-friendly crypto transfers for users worldwide.
Key features:
- Alias-based transfers: Send crypto using a Mastercard Crypto Credential alias, removing the need to share long wallet addresses.
- Pre-transaction verification: Confirms recipient enrollment and verifies asset and network compatibility before sending. If unsupported, the sender is notified and the transaction does not proceed.
- Global, multi-chain interoperability: Transact with other enrolled users across participating exchanges, wallets, and supported blockchains within the Mastercard Crypto Credential network.
- Built-in trust and assurance: Every transfer is validated before execution — reducing the risk of fraud, misdirected funds, and failed transactions.
“Crypto should be as easy to use as any other form of payment in our daily lives,” said Sophie Chen, Head of Marketing at Bybit Card and Bybit Pay. “With Mastercard Crypto Credential on Bybit Pay, we’re removing technical barriers that have kept digital assets feeling complicated. Now, sending crypto is as simple as texting a friend: just use their email or phone number, with security built in and zero learning curve.”
“Mastercard is building the connective tissue that makes digital assets usable and trusted at scale,” said Raj Dhamodharan, executive vice president, Blockchain & Digital Assets at Mastercard. “Bringing Bybit into the Mastercard Crypto Credential network expands that foundation, enabling more people to benefit from a consistent, secure way to interact across platforms. It’s another step toward a more unified and reliable digital asset ecosystem.”
How it works on Bybit Pay
Getting started with Mastercard Crypto Credential on Bybit Pay takes just three simple steps. First, users activate Bybit Pay through the Bybit App. Next, they may create their Mastercard Crypto Credential username using their email address or phone number and select their supported blockchain networks.
Once enrolled, users can immediately send and receive crypto with other Mastercard Crypto Credential users across participating platforms using their alias, with added confidence that wallet compatibility and applicable verification checks occur before funds are sent.
Building the Future of Payment, One Node at a Time
Mastercard Crypto Credential connects a growing network of exchanges and digital asset service providers, helping bring more trust, interoperability, and simplicity to blockchain transactions. As a major global exchange partner, Bybit is helping expand Mastercard Crypto Credential’s reach and bring its capabilities to millions of crypto-native users.
Through Bybit Pay, Bybit is building an organic ecosystem that makes digital assets part of everyday life. The integration of Mastercard Crypto Credential reinforces Bybit’s commitment to delivering the simplicity and security users expect from modern financial services.
On March 11, 2026, Bybit was among the first batch of industry leaders in Mastercard’s Crypto Partner Program, a new global initiative bringing together more than 85 crypto-native companies to create a forum for meaningful dialogue and collaboration.
For more information about the integration, users may visit: Bybit Pay Now Supports Mastercard Crypto Credential for Username-Based Crypto Transfers
#Bybit / #CryptoArk / #IMakeIt
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com
Contact
Head of PR
Tony Au
Bybit
[email protected]
#blockchain #crypto, #decentralized, #distributed, #ledger
