Bybit Pay and Uquid Offer 50% Cashback on Purchases

Bybit Pay, the payment division of Bybit, has teamed up with e-commerce platform Uquid. Together, they launched a promotion providing up to 50% cashback for users purchasing via Bybit Pay. The event encourages broader crypto usage.

The promotion involves major digital currencies like BTC, ETH, USDT, and USDC. Bybit and Uquid focus on merging digital and real-world transactions. This collaboration marks a step towards more crypto-based shopping solutions. “Event period: Apr 25, 2025 – May 15, 2025.” source

The cashback campaign potentially boosts transactional volume on both platforms. Although direct market reactions are not detailed, increased activity in supported tokens is anticipated. The crypto community considers this a step toward broader financial inclusion.

Promotions like this can enhance crypto’s mainstream appeal, providing new incentives for digital currency use. Historical data from similar events suggest they typically increase platform activity without causing major price shifts in primary cryptocurrencies.

Bybit’s previous cashback initiatives usually stayed between 10%-50%. However, such significant cashback offers, as in this event, are rare, sparking interest in crypto user engagement and adoption trends.

Experts from Kanalcoin suggest that enhancing crypto’s utility through promotions may gradually stabilize the market and increase adoption rates, especially as competitive platforms follow similar strategies to capture a larger user base. “Unlock incredible savings with Bybit Pay and enjoy massive cashback rewards on every transaction!” source