Bybit Pay Launches Crypto Payment Solution in Sri Lanka

BitcoinWorld Bybit Pay Launches Crypto Payment Solution in Sri Lanka DUBAI, UAE, Nov. 5, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce Bybit Pay’s debut in Sri Lanka, adding a brand new destination in Bybit Pay’s global ￰0￱ initial rollout covers 50 physical point-of-sale and 50 digital merchant activations, creating a comprehensive presence across retail, service, and online commerce in Sri Lanka’s emerging digital payment ￰1￱ Pay has fortified its presence as a borderless crypto-native payment solution through deep localization and global ￰2￱ mobile penetration exceeding 130% and ever-growing digital adoption, Sri Lanka has a vibrant payment ecosystem with significant opportunities for innovation and demands for nimble and affordable digital ￰3￱ introduction of Bybit Pay will empower crypto-ready payment methods that serve both domestic merchants and international visitors ￰4￱ Assets: A Trusted Plug-and-Play Solution for Businesses Bybit Pay offers a refreshing take on democratizing access to the digital asset ￰5￱ matter the size of the business, and regardless of prior experience of processing crypto-enabled payments, retail stores, service providers and online merchants will be able to set up a physical point of sale when they join the ￰6￱ Pay has partnered with Ceylon Cash to launch this initiative in Sri Lanka through CeyPay, enabling local businesses to seamlessly adopt crypto payment solutions and participate in the global movement toward digital asset-enabled ￰7￱ the new initiative, Bybit Pay will establish 50 Android POS devices across traditional retail and service merchants, while simultaneously activating 50 digital merchants through a selection ￰8￱ is currently ￰9￱ Benefits Among the many reasons for merchants in Sri Lanka to support Bybit Pay, a few factors stand out that could address core challenges faced by local businesses and consumers: Lightning Speed : Merchant and customers on the Bybit Pay network can confirm real-time payments through instant proof-of-payment via API and ultra-fast settlement, eliminating the multi-day delays common with legacy ￰10￱ Access: A cost-effective way for Sri Lankan businesses to go global, with both local and international payments supported at competitive ￰11￱ cost advantage improves profit margins for small businesses and benefits locals and ￰12￱ Customer Base: Beyond geographical barriers, merchants also face an increasing generational ￰13￱ Bybit Pay, businesses can enable payments from digital-first and crypto-first consumers who may be otherwise deterred by traditional payment ￰14￱ and Security : With fraud-protection and compliance built in, Bybit Pay’s robust network and security infrastructure enhance payment approval rates, lowering the risk and potential costs of payment disputes for ￰15￱ to Choose: Payers and merchants have the flexibility to settle in crypto or fiat depending on their preferences.

“Sri Lanka’s combination of tech-forward consumers, substantial international tourism, and diverse merchant landscape creates ideal conditions for crypto payment adoption,” said Nazar Tymoshchuk, Regional Manager at Bybit . “This rollout is part of Bybit Pay’s commitment to helping make payments painless, efficient, and borderless for as many people as possible as they travel the world or build their own businesses.” Bybit Pay will publicly announce all 100 selected merchants in a directory for users and continue to grow the merchant network across Sri ￰16￱ market entry also supports Sri Lanka’s broader digital transformation initiatives while addressing key business and consumer challenges, positioning participating merchants to better serve both domestic growth and international competitiveness. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million ￰17￱ in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for ￰18￱ a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain ￰19￱ 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 ￰20￱ the future of decentralized finance at ￰21￱ more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.

com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit Pay Launches Crypto Payment Solution in Sri Lanka first appeared on BitcoinWorld .