Bybit Introduces Digital Rupee Payments
Crypto exchange Bybit has recently introduced digital rupee payments. The addition of the Indian central bank digital currency (CBDC) on the exchange is aimed at providing an extra layer of security for users making transactions in rupees, according to Bybit.
The e-rupee can be accessed through a wallet-based payment solution and joins the existing payment options on Bybit including bank transfers, third-party services like Paytm, and India’s Unified Payments Interface, which is the national payments portal of the Reserve Bank of India (RBI).
By incorporating the digital rupee payment, Bybit aims to minimize the risk of cyber attacks on users’ bank accounts, as stated by the Dubai-based exchange in its official statement.
Joan Han, Bybit’s sales and marketing director, highlighted the aim to enhance the payment experience for INR users and build trust and reliability in every transaction.
