#Crypto Payments #Bybit #Georgia #Tbilisi

Bybit Hosts a Forum in Georgia

Bybit, known as the world's second-largest cryptocurrency exchange by trading volume, has recently organized a significant forum in Tbilisi, Georgia. This high-level event aimed to connect regulators, members of global payment networks, banking leaders, and innovators in the digital asset space to collectively explore the potential future of crypto-enabled payments.

The forum marked a pivotal moment in the realm of digital finance as it facilitated discussions on how digital assets can effectively integrate with traditional payment systems. Key stakeholders delved into strategies to enhance the real-world applicability of cryptocurrencies and bolster the evolution of Georgia's digital economy.

A standout feature of the event was the introduction of the Bybit Card in Georgia, designed to pave the way for everyday crypto transactions. This innovative card allows users to spend their digital assets seamlessly for daily purchases, including compatibility with Apple Pay, facilitating secure contactless payments straight from users' digital wallets. The Bybit Card aims to expand the utility of cryptocurrencies in daily life, enhancing user accessibility to digital assets.

Bybit's entrance into the payments arena follows its recent acquisition of a Payment Service Provider (PSP) license in Georgia in the last quarter of 2025. This license enables Bybit to issue the Bybit Card, reinforcing local fiat payment infrastructures and allowing closer harmonization between digital services and Georgia's financial systems.

Officials from the Georgian government expressed their enthusiasm about the rollout of the Bybit Card, viewing it as a crucial move towards increasing the adoption of digital asset payments in real-world scenarios. With strong backing from regulators, the Bybit Card has already begun to see growing acceptance among the local population. Bybit has plans to broaden card issuance not only within Georgia but also in surrounding regions, positioning the country as a regional hub for innovations in crypto-powered payments.

During the forum, representatives from the Ministry of Economy and Sustainable Development of Georgia, along with officials from the National Bank of Georgia, delivered keynote speeches emphasizing the nation's commitment to encouraging responsible financial innovations and modernizing payment frameworks.

A highlight of the program was a panel discussion titled “The Future of Payments.” Esteemed panelists included Bybit's Co-Founder and CEO Ben Zhou, Bybit Georgia's Director Shota Lomtadze, and various leaders from institutions like Mastercard and Tether. They elaborated on the synergy required between regulators, payment networks, banks, and blockchain firms to hasten the mainstream acceptance of cryptocurrencies in everyday payments.

In comments made during the event, Shota Lomtadze stated, “Georgia has emerged as one of the most promising environments for digital financial innovation.” He further mentioned that with the launch of the Bybit Card and the foundational support from their PSP license, Bybit is fortifying an infrastructure that promotes fluid movement between trading platforms and everyday transactions.

Remarks from Ben Zhou underscored Bybit’s long-term commitment to fostering payment infrastructure and supporting the local digital asset landscape, declaring, “Bybit is here to stay.” He reiterated the company's resolve to collaborate with the National Bank of Georgia and local businesses, assuring that Bybit will continue to invest in the region and lend its global resources to enrich the local community.

In addition to the card launch, Bybit offers a comprehensive platform for digital assets in Georgia, boasting over 600 trading pairs, simple one-click purchases, OTC services, and strong security measures. As the event concluded, participants engaged in robust networking opportunities among policymakers, financial institutions, fintech pioneers, and blockchain innovators, reinforcing Georgia's stature as a crucial player in digital asset innovation and payment evolution.

About Bybit

Founded in 2018, Bybit is a frontrunner in the cryptocurrency exchange space, aiming to forge a more accessible and equitable ecosystem in a decentralized world. With a focus on Web3 and strategic partnerships, Bybit aims to drive on-chain innovation and provide a robust infrastructure for users worldwide.

For more information, visit Bybit's official site.