Bybit has launched Yape QR payments in Bolivia

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched Yape QR payments on Bybit Pay in Bolivia, enabling users to make real-world crypto payments online and at local merchants through one of the most popular QR-based payment apps in the country.

Yape QR is already the go-to payment method for millions of Bolivians making everyday purchases. The integration lets Bolivia-based users spend crypto quickly and securely using Yape QR, connecting digital assets with everyday spending. Users scan a QR code just as they normally would — the crypto conversion happens in the background. Bybit Pay supports seamless QR transactions designed to simplify crypto payments while maintaining security and efficiency.

To mark the launch, Bybit Pay is offering promotional rewards for Bolivia users. New users are eligible to get a 50 percent discount coupon for their first Yape QR payment, while existing users can receive cashback ranging from 2 to 10 percent on every Yape QR transaction, depending on applicable terms.

Yape is one of the most widely used digital wallets in Peru, with more than 15 million active users nationwide. Since entering Bolivia in 2023, the platform has grown quickly to more than 3 million users and a large network of affiliated merchants, making it one of the leading mobile payment apps in the country. Together, Yape serves more than 18 million users across both markets. The company plans to continue expanding in Bolivia, with a long-term goal of reaching around half of the country's population in the coming years.

The rollout is part of Bybit's effort to expand practical crypto payment solutions across Latin America, where demand for accessible and real-world digital asset use continues to grow. By enabling Yape QR payments, Bybit Pay aligns with established local payment habits while extending the utility of cryptocurrencies beyond trading.

Bybit Pay is part of Bybit's broader ecosystem for secure, user-friendly crypto transactions for everyday use, reinforcing the company's commitment to global adoption and localized payment innovation across emerging markets.