Bybit will introduce “MyBank” in February, offering users personal IBANs (international bank account numbers), Cointelegraph reported on Jan. 29.
Users will be able to access fiat currencies, make multi-currency transfers and trade cryptocurrencies in their own names through MyBank.
MyBank will support various currencies starting with the U.S. dollar. Users can open an account immediately after completing KYC verification. It will enable fiat deposits and remittances, salary payments and cryptocurrency trading. Bybit is working with Qatar National Bank (QNB) and DMZ Finance, and is also pursuing a partnership with Georgia-based startup bank Pave Bank.
Bybit CEO Ben Zhou (벤 저우) said, “This service will solve current problems with financial transactions,” adding, “Users can deposit fiat directly from their bank accounts.”
Chi-gyu Hwang
delight@d-today.co.kr