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Paytech Pomelo powers cryptocurrency bank Bitybank's new credit card in Brazil

August 1, 2023
Por
Pomelo newsroom
Pomelo newsroom
Noticias y comunicados sobre Pomelo
📷
Money Times
Pomelo's technology will allow Bitybank users to experience the multiple benefits and opportunities of employing a financial product that links cryptocurrencies to the real world.
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Two of Brazil's leading crypto players, Bitypreço and Biscoint, have teamed up to create the cryptobank Bitybank, which now has a credit card powered by Pomelo! In June, we launched the Bitybank card, born to facilitate the use of bitcoin and other cryptocurrencies in everyday life. With it, Bitybank users will be able to enjoy the many benefits and possibilities of using a financial product that connects crypto to the real world.

Bitybank + Pomelo: what is the Bitybank card?

The Bitybank card is the result of our partnership with Bitypreço and Biscoint, the first cryptocurrency marketplaces in Latin America, responsible for the largest trading volume among Brazilian exchanges in 2022. With it, Bitypreço and Biscoint customers now have, linked to the Bitybank cryptobank, their own credit card integrated into their wallets, offering a more versatile and complete user experience.

Among the advantages that this card powered by Pomelo brings to users are:

  • Virtual or physical use, always connected to the user's Bitybank account;
  • The possibility to pay for purchases with Brazilian real, bitcoin and other cryptocurrencies and cryptoassets;
  • Turbo cashback for new customers (up to 10% in the first month of use);
  • Use for custody, purchase and sale of bitcoin and 20 other cryptocurrencies connected to Bitybank.
  • How we developed the Bitybank card infrastructure

Pomelo is the issuer of the Bitybank card and provides the infrastructure behind it. This includes offering its external authoriser, through which each user can swipe their card by consuming their available balance in crypto, thus avoiding expensive and slow conversions. We are developing a number of new products that bring the crypto market together with traditional financial products, including a solution that allows users to leave collateral in bitcoin - giving more options for financing purchases.

As our Integration and Business Development teams tell us, the big difference in the process to launch this card was the quick integration - it only took 60 days! Bitybank had already launched a prepaid and had its own credit card project underway. By getting to know Pomelo, the cryptobank found a partner with state-of-the-art processing and expertise in crypto card integration.

Speed was one of Pomelo's key differentiators. The knowledge about the process, the commitment to deadlines and customer service were the pillars to close the partnership. Bruno Ferreira, our Business Development Lead who participated directly in the partnership.

The celebration of this partnership is on account of our COO and Country Manager of Brazil, John Paz:

"Bitybank came to us with a big challenge: to launch a crypto card in less than 60 days. Here at Pomelo, mission given is mission accomplished! We are super happy to be the chosen partner and to develop together the Bitybank card, which brings its users the flexibility to use crypto and fiat in their daily lives." John Paz, COO and Country Manager of Pomelo in Brazil.

With a green light like this, let's go all in, Bitybank!

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.


Two of Brazil's leading crypto players, Bitypreço and Biscoint, have teamed up to create the cryptobank Bitybank, which now has a credit card powered by Pomelo! In June, we launched the Bitybank card, born to facilitate the use of bitcoin and other cryptocurrencies in everyday life. With it, Bitybank users will be able to enjoy the many benefits and possibilities of using a financial product that connects crypto to the real world.

Bitybank + Pomelo: what is the Bitybank card?

The Bitybank card is the result of our partnership with Bitypreço and Biscoint, the first cryptocurrency marketplaces in Latin America, responsible for the largest trading volume among Brazilian exchanges in 2022. With it, Bitypreço and Biscoint customers now have, linked to the Bitybank cryptobank, their own credit card integrated into their wallets, offering a more versatile and complete user experience.

Among the advantages that this card powered by Pomelo brings to users are:

  • Virtual or physical use, always connected to the user's Bitybank account;
  • The possibility to pay for purchases with Brazilian real, bitcoin and other cryptocurrencies and cryptoassets;
  • Turbo cashback for new customers (up to 10% in the first month of use);
  • Use for custody, purchase and sale of bitcoin and 20 other cryptocurrencies connected to Bitybank.
  • How we developed the Bitybank card infrastructure

Pomelo is the issuer of the Bitybank card and provides the infrastructure behind it. This includes offering its external authoriser, through which each user can swipe their card by consuming their available balance in crypto, thus avoiding expensive and slow conversions. We are developing a number of new products that bring the crypto market together with traditional financial products, including a solution that allows users to leave collateral in bitcoin - giving more options for financing purchases.

As our Integration and Business Development teams tell us, the big difference in the process to launch this card was the quick integration - it only took 60 days! Bitybank had already launched a prepaid and had its own credit card project underway. By getting to know Pomelo, the cryptobank found a partner with state-of-the-art processing and expertise in crypto card integration.

Speed was one of Pomelo's key differentiators. The knowledge about the process, the commitment to deadlines and customer service were the pillars to close the partnership. Bruno Ferreira, our Business Development Lead who participated directly in the partnership.

The celebration of this partnership is on account of our COO and Country Manager of Brazil, John Paz:

"Bitybank came to us with a big challenge: to launch a crypto card in less than 60 days. Here at Pomelo, mission given is mission accomplished! We are super happy to be the chosen partner and to develop together the Bitybank card, which brings its users the flexibility to use crypto and fiat in their daily lives." John Paz, COO and Country Manager of Pomelo in Brazil.

With a green light like this, let's go all in, Bitybank!

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

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