DUBAI, UAE, Oct. 21, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency trade by buying and selling quantity, is happy to announce a brand new strategic partnership between Bybit Pay and Idram, Armenia’s established monetary service supplier and digital cost powerhouse. The mixing underscores Bybit Pay’s unwavering dedication to constructing crypto’s world cost rails via incremental, localized initiatives that carry real-life advantages to digital asset holders.
To mark the official debut of Bybit Pay’s collaboration with Idram in Armenia, a launch ceremony will happen on October 22, 2025 in Yerevan, Armenia. Key stakeholders from Bybit and Idram will deal with fintech companions and the cost group within the area, unveiling their shared dedication to advancing digital cost infrastructure and innovation throughout the area.
Becoming a member of forces to launch complete cost companies in Armenia, Bybit Pay and Idram will allow customers to make QR code funds within the nation at over 25,000 in-store factors of gross sales. With over 90% in QR cost market share in Armenia, Idram focuses on compliant and progressive digital cost options and has been serving the group for over twenty years.
For retailers, Idram allows a single-point entry throughout the uniformed market of Eurasian Financial Union international locations, dwelling to over 185 million individuals. Worldwide customers of Bybit Pay may also get to take pleasure in a seamless cost expertise with simply their app after they journey to Armenia.
“Bybit and conventional fintech firms are pure companions. Bybit Pay’s enlargement to Armenia powered by Idram’s community is one other step in constructing our world attain and elevating crypto comfort for our group,” mentioned Sophie Chen, Head of Advertising and marketing, Fee Enterprise Unit at Bybit. “We’re dedicated to establishing deep, significant partnerships that create lasting worth for native communities.”
“This partnership demonstrates Idram’s dedication to innovation and strengthening world connections,” mentioned Arsene Kdenian, CEO of Idram. “By integrating our QR system with Bybit Pay, we allow worldwide guests to make handy and safe funds whereas visiting Armenia. On the similar time, recognizing that the usage of cryptocurrency simply began to develop worldwide, this collaboration permits Bybit customers to make funds already in Armenia with their digital belongings app at greater than 25,000 factors of sale in a straightforward and accessible means,” added Kdenian.
Scan to Pay with QR Code – The way it Works
- The person scans service provider QR code with the Bybit Pay app (by selecting “Bybit Pay” -> “QR Pay”)
- In just a few seconds the cost affirmation window opens, displaying the transaction particulars
- The person faucets “Verify” to approve and full the cost
Bybit Pay continues to unlock new locations for its customers whereas advancing the broader mission of worldwide monetary accessibility. The crypto-native cost resolution presently serves eligible world customers who’ve efficiently accomplished Identification Verification on Bybit. Customers from Service Restricted International locations or native Bybit entities usually are not presently supported. For the most recent updates and detailed phrases and situations, customers could go to the Bybit Pay official web page.
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About Bybit
Bybit is the world’s second-largest cryptocurrency trade by buying and selling quantity, serving a worldwide group of over 70 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating a less complicated, open and equal ecosystem for everybody. With a robust give attention to Web3, Bybit companions strategically with main blockchain protocols to offer strong infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive person expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fans to unlock the total potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
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About Idram
Based in 2004, Idram is Armenia’s premier digital monetary platform, providing complete companies together with e-wallet, QR/NFC funds, cash transfers, and different monetary instruments to people and companies. For extra particulars about Idram, please go to idram.am.
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