In a recent Press Release, popular cryptocurrency firm Bybit has launched exclusive rewards for Japan Credit Bureau (JCB), Visa, or Mastercard holders in Asia. 

The crypto exchange offers $40 in rewards to eligible Asian cardholders who purchase cryptocurrency using Bybit’s One-Click Buy. Additionally, Bybit waives fees for these transactions, allowing users to trade crypto at zero fees.

The report indicates that Bybit is offering these benefits to eligible Asian cardholders as part of its strategy to “boost crypto adoption in Asia,” and “is offering cashback and coupons to both first-timers and seasoned traders throughout September.”

Bybit Offers Rewards to Asian Users

The offer applies to both new and existing platform users. New users can enjoy a cashback incentive of up to 10 USDT for making any fiat transactions worth $100 or more using the One-Click Buy feature. 

Meanwhile, existing users can receive a cashback reward of up to 10 USDT for purchasing crypto assets worth $500 or more using either their JCB, Visa, or Mastercard through the same Bybit feature.

In addition, the platform will award all users who deposit $5,000 or more through One-Click with a supplementary $30 Buy Crypto Coupon.

Asian Countries’ Growing Presence in the Crypto Market

Recently, Asia has emerged as a hub for crypto, Web3, and blockchain innovation, with countries in the region actively working to create an enabling environment for these industries.

Last month, the Asian Infrastructure Investment Bank (AIIB), took a major step towards digitizing and modernizing capital markets by issuing its first-ever bond worth $300 million. The newly launched bond uses blockchain technology as its foundation.

The founding member countries established the AIIB in 2015. The Bank has its headquarters in Beijing, China with about 105 member countries. 

Citigroup Inc. and BMO Capital Markets supported the bond issuance, and it utilizes Euroclear’s innovative Digital Financial Market Infrastructure (D-FMI) platform, which harnesses blockchain technology to optimize bond issuance and settlement processes.

By taking that step, AIIB became the first Asian client to issue a bond using the D-FMI platform.

Recently, at a WebX conference hosted by Japanese Web3 media firm CoinPost, Japan’s Prime Minister, Fumio Kishida, stated that Web3 and blockchain will play a big role in alleviating the country’s societal concerns.