Bybit Expands Crypto Payments to South Africa with MoneyBadger

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has expanded its payment solution, Bybit Pay, to South Africa through an integration with MoneyBadger. This partnership enables users in the country to make everyday purchases using cryptocurrency across a wide network of merchants.

The integration leverages existing QR and pay link infrastructure, allowing retailers to receive settlement in South African rand without needing to hold cryptocurrency or add new payment integrations. According to estimates, around 52% of South Africa's estimated 5.8 million cryptocurrency holders already use crypto for purchases.

Bybit Pay users can complete transactions by scanning QR codes or paying online at supported merchants. The platform supports a range of everyday spending categories, including groceries, fuel, travel, retail and dining, with payment limits ranging from $0.06 to $2,500 per transaction.