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 footprint. The 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 network.

Bybit Pay  has fortified its presence as a borderless crypto-native payment solution through deep localization and global connectivity. With 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 solutions. The introduction of Bybit Pay will empower crypto-ready payment methods that serve both domestic merchants and international visitors efficiently.

Bybit Pay offers a refreshing take on democratizing access to the digital asset class. No 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 program.

Bybit 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 commerce.