Bybit Introduces Digital Rupee for Safe INR Transactions
Bybit has launched the digital rupee (eRupee) to enhance the security of INR transactions on its platform.
This mobile wallet-based solution aims to address security concerns and provide a safer alternative to traditional banking methods. Bybit’s new payment option seeks to protect merchants from cyber threats, improve the payment experience, and attract more merchants, thus expanding its market reach.
Joan Han, Bybit’s sales and marketing director, highlighted that the eRupee initiative is part of a broader trend where stablecoins and fiat-pegged tokens are bridging traditional finance with cryptocurrency, offering stability in a volatile market.
Clever Robot News Desk 31st July 2024
