Dubai, UAE, January 28, 2026 – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially launched the Bybit Card in Georgia. This new payment option offers Georgian users the capability to spend their cryptocurrency holdings at a variety of merchants accepting Mastercard, subject to relevant terms, conditions, and regional availability.
Tekla Iashagashvili, Bybit Georgia’s Country Manager, emphasized the significance of the move: "Georgia represents one of the region’s fastest growing and most innovative markets. The introduction of the Bybit Card here facilitates the use of digital assets in everyday transactions, combining security, versatility, and rewards that Bybit consistently delivers."
David Zgudadze, representing Mastercard as Vice President for Georgia and Armenia, noted that this launch contributes to advancing digital payments and expanding financial inclusion in the area. He added, "Mastercard remains committed to backing innovations that promote the safe and convenient use of cryptocurrencies in daily spending. Partnerships like this reinforce the financial ecosystem and drive technological growth within the country."
The introduction of the Bybit Card in Georgia extends Bybit’s payment services throughout the region, allowing users to apply their crypto holdings toward routine expenditures. Users approved for the card receive instant virtual card access, supporting a wide range of cryptocurrencies. The card integrates advanced security measures including EMV 3-D Secure protection to safeguard spending. It also offers competitive currency conversion rates and is broadly accepted worldwide through Mastercard's network.
In regions supporting digital wallet technology, the card links with platforms such as Google Pay to enable contactless payments. Physical cards are also available where applicable, expanding the payment options beyond the virtual format.
To celebrate the launch, Bybit has introduced a promotional cashback program. Eligible cardholders can receive 10% cashback on transactions, with a cap of up to $150 (USD equivalent) for new users and $75 for existing ones. Qualifying for this benefit requires an initial deposit of at least $100 or an equivalent amount within 30 days post card approval. Eligibility is limited to users who have completed Individual Identity Verification Level 1 or Business Verification protocols. It is important to note that only cryptocurrency payments qualify for cashback, excluding withdrawals to e-wallets, prepaid wallets, or accounts held solely for storage.
Sophie Chen, heading Bybit’s Payment Business Unit marketing, remarked, "Our goal is to empower users to experience seamless, secure, and rewarding cryptocurrency-based payments. The expansion of Bybit Card into Georgia highlights our dedication to merging digital assets with conventional spending to broaden access to innovative financial solutions."
Salim Dhanani, CEO and Co-Founder of Pave Bank, a crucial partner providing compliant banking infrastructure and payment capabilities for this initiative, stated, "The Bybit Card launch marks a strategic milestone for Georgia’s digital financial landscape. As a supporter of innovation and regulated adoption of digital assets, Pave Bank is proud to facilitate this partnership that connects global fintech innovations to the Georgian market."
Bybit’s payment card offers immediate availability as a virtual card upon approval, supplemented by an optional physical card for wider usability. With global Mastercard acceptance, users benefit from effortless cryptocurrency spending at advantageous rates.
The Georgian launch of Bybit Card aligns with the company's broader mission to develop pioneering financial instruments that integrate cryptocurrency with traditional payment systems. This rollout signifies a step forward in blending digital asset management with everyday consumer activity.
For further information, interested parties can access additional details directly through Bybit’s official platforms.