Kazakh fintech startup S1lkPay, broadcasts a partnership with Bybit, one of many world’s main cryptocurrency exchanges. As a part of this partnership, S1lkPay will provide cost crypto playing cards that may enable mutual settlements and clearing (a kind of non-cash cost) with IPS (worldwide cost system) in stablecoins, reminiscent of USDT and USDC.
S1lkpay is the one non-bank monetary group within the area that has a principal membership of MasterCard and a licensed cost processing heart. The signing of the settlement demonstrates each corporations’ dedication to innovation and technological development in monetary providers geared toward assembly the actual wants of the area’s residents.
In 2023 approx. a million Kazakhstanis used cryptocurrencies, which confirms the relevance and relevance of the mission. Due to the cooperation of S1lkPay and Bybit, it will likely be attainable to make use of crypto playing cards within the area.
Gani Uzbekov, founder and CEO of S1lkPay Ltd
“We’re happy to associate with Bybit. Our objective is to show digital currencies right into a sensible device for monetary transactions wherever playing cards from world cost techniques are accepted,” says Gani Uzbekov, founder and CEO of S1lkPay Ltd.
Erik Aubakirov, founding father of EA Group Holding LTD and one of many key traders in S1lkPay, additionally notes the significance of this partnership for the Kazakh market.
“S1lkPay isn’t solely a fintech startup, but additionally a trend-setting staff. Partnership with Bybit opens up alternatives for S1lkPay customers on the intersection of classical finance and cryptocurrencies. It is a large step ahead not just for the corporate itself, but additionally for all the market. I imagine within the S1lkPay staff and the potential of our portfolio funding. I’m assured that this partnership will advance Kazakhstan within the world fintech area,” Erik Aubakirov, founding father of EA Group Holding LTD.
