On April 6, 2026, Bybit unveiled Send Money, a revolutionary payment solution that enables users to send money with blockchain speed while recipients receive funds in their local fiat currency. The feature leverages crypto rails in the background while maintaining a fiat-forward user experience, delivering transfers that typically complete within minutes to a few hours. Currently supporting USD, ARS, and select crypto transfers for eligible users in Argentina, the service offers zero transaction fees for ARS transfers where recipients receive the full amount. Sophie Chen, Head of Marketing at Bybit's Payment Business Unit, emphasized that Send Money moves crypto and fiat assets on-chain with instant finality without compromising traditional currency familiarity. The launch underscores Bybit's commitment to democratizing access to efficient financial services and bridging the gap between traditional financial services and blockchain innovation.
Crypto Rails, Fiat Familiarity: Bybit Launches Send Money Feature to Simplify Global Transfers
C
CNW/PRNewswire
Tuesday, April 7, 2026·4 min read·Markets
Source: newswire.ca·This article is an original analysis by CryptoFirst based on publicly available information.
#payments#remittance#fiat#argentina#Bybit#Exchange
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