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Bybit, the second-biggest cryptocurrency exchange in the world based on trade volume, announced that Bybit Pay has been integrated into the Mastercard Crypto Credential network. Bybit Pay users can send and receive digital assets using straightforward, verified aliases issued under Mastercard Crypto Credential standards, such as a phone number or email address, thanks to the integration. This also adds additional governance requirements, giving each transfer an extra degree of assurance and trust.
Before a transaction is initiated, Mastercard Crypto Credential helps confirm that both the sender and the recipient are legitimate, compliant participants under applicable criteria, unlike traditional crypto transfers, which rely on lengthy wallet addresses and limited visibility into the recipient. This reduces the risk of mistakes or misdirected funds before any cryptocurrency is transmitted by enabling users to send it via an easy-to-remember alias, with greater assurance that the recipient’s wallet supports the chosen digital asset and blockchain network.
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, user-friendly crypto transfers 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 relevant verification checks are completed 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 integrates digital assets into 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 to join Mastercard’s Crypto Partner Program, a new global initiative that brings together more than 85 crypto-native companies to create a forum for meaningful dialogue and collaboration.
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Source: https://zycrypto.com/bybit-pay-announces-mastercard-crypto-credential-network-integration-simplifying-verifiable-crypto-transfers/
