Bybit Partners With CeyPay to Bring Crypto Payments to 100 Sri Lankan Merchants
The post Bybit Partners With CeyPay to Bring Crypto Payments to 100 Sri Lankan Merchants appeared on BitcoinEthereumNews.com.
Bybit Pay has rolled out in Sri Lanka, bringing a new crypto payment option to shops, services and online stores across the island. The launch pairs 50 Android point-of-sale terminals in physical locations with 50 selected digital merchants, a modest but deliberate first step to weave digital-asset payments into everyday commerce. The program is being run locally through CeyPay, the payments arm of Ceylon Cash, which means merchants won’t need deep crypto know-how to get started. Whether you run a corner café, a salon, a boutique or an e-commerce site, Bybit says the setup is “plug-and-play”: sign up, accept payments, and choose whether to settle in crypto or fiat. There’s a practical reason for picking Sri Lanka now. Mobile penetration is high, reportedly over 130%, and people are increasingly comfortable with digital services. That combination, plus steady tourism, makes the market attractive for payment experimentation. Bybit frames the effort as a way to help local businesses meet both local customers and international visitors who prefer crypto payments. The company pitches several tangible benefits. Transactions on the Bybit Pay network produce instant proof-of-payment through an API and promise much faster settlement than legacy systems that can take days. Bybit also highlights lower costs for cross-border receipts and built-in fraud protection and compliance tools that, it says, help raise approval rates and reduce the headaches of payment disputes. In short: faster confirmation, cheaper cross-border options and fewer disputes, the kinds of things small merchants often say they need. “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…
