TLDR
- Bybit Kazakhstan has launched a QR-based digital asset payment pilot to enhance the country’s digital finance ecosystem.
- The exchange is collaborating with the National Bank of the Republic of Kazakhstan and the National Payment Corporation of Kazakhstan.
- The pilot allows users to make payments using digital assets, which are converted to tenge for seamless merchant transactions.
- Bybit Kazakhstan aims to ensure compliance with local regulations while offering a secure and user-friendly payment experience.
- The QR payment system will be demonstrated at the Digital Bridge Astana event in October 2025, showcasing real transaction scenarios.
Bybit Kazakhstan has announced the launch of a new pilot project for QR-based digital asset payments. This initiative aims to enhance the country’s digital finance ecosystem. The pilot project is part of Bybit’s efforts to align with local regulations and work closely with Kazakh authorities.
Collaboration with Kazakhstan’s National Bank and Partners
Bybit Kazakhstan has formally applied to join the regulatory sandbox of the National Bank of the Republic of Kazakhstan (NBK). The exchange is working alongside the NBK and the National Payment Corporation of Kazakhstan to ensure compliance with local regulations. The objective is to provide safe and well-supervised financial innovations in the country’s growing digital finance sector.
“We believe that strong oversight and thoughtful product design can coexist to build trust in digital finance,” said a Bybit representative.
The company is committed to creating a robust digital payment ecosystem in Kazakhstan. Bybit’s role in this project focuses on product design, user experience, and regulatory compliance.
QR-Based Payments to Drive Digital Asset Adoption
The QR-based digital asset payment pilot allows users to make purchases at merchant locations. Verified users can scan a standard merchant QR code either in-store or online to initiate payments. The Bybit Kazakhstan app facilitates payments in digital assets, which are then converted into tenge through local partners for settlement.
The system aims to provide a seamless merchant experience while maintaining strong protections for users. It also includes audit-ready reporting, transaction risk limits, and clear user prompts. These features are designed to meet Kazakhstan’s regulatory expectations and enhance the country’s digital asset infrastructure.
Public Demonstration at Digital Bridge Astana
Bybit Kazakhstan will showcase the QR-based payment prototype at the Digital Bridge Astana event. The event, scheduled for October 2-4, 2025, will allow attendees to see live transaction scenarios. The demonstration will highlight both the technical and compliance aspects of the pilot and Bybit’s progress toward sandbox participation.
Bybit Kazakhstan’s participation in the Digital Bridge Astana event reflects its commitment to advancing digital payments in Kazakhstan. The exchange is confident that this pilot will further drive the adoption of digital assets in the region.
