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Bybit and Idram Enable Crypto Payments in Armenia

• Bybit Pay has partnered with Armenian payment provider Idram to facilitate crypto payments at over 25,000 retail locations across Armenia.
• The integration allows users to make QR code payments using cryptocurrencies, enhancing financial accessibility in the region.
• Idram controls more than 90% of Armenia’s QR payments market and has been serving local customers for two decades.
• This partnership provides merchants access to the Eurasian Economic Union market of over 185 million people.
• The service is available to verified users outside service-restricted countries as Bybit Pay expands its regional presence.

Bybit Pay’s collaboration with Idram significantly boosts crypto payment options at numerous Armenian stores, leveraging Idram’s dominant position in the local QR payments market. This initiative enhances financial accessibility and extends Bybit’s reach in the Eurasian Economic Union.