Bybit CEO Ben has announced that the cryptocurrency exchange will soon offer retail-style bank accounts to its users. After completing the Know Your Customer (KYC) process, users will be able to receive a personal International Bank Account Number (IBAN) under their own name, initially available in USD. These accounts are designed to facilitate salary receipts, bill payments, and large purchases, aiming to minimize disruptions from bank risk controls when transferring fiat currency in and out of the platform.
Bybit to Launch Retail-Style Bank Accounts with Personal IBANs
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