Bybit has joined global financial leaders in tackling cross-border payment challenges for small and medium-sized enterprises (SMEs).
The exchange participated in the Inclusive FinTech Forum at the Kigali International Financial Centre, where industry experts explored ways to enhance financial accessibility and streamline international transactions.
Representing Bybit, Chief Legal & Compliance Officer Robert MacDonald participated in a high-profile roundtable, Driving Inclusive Access for SME Cross-Border Currency Flows. The session addressed key financial barriers SMEs face, including currency fluctuations, liquidity constraints, and payment security.
MacDonald emphasized the need for regulatory clarity and stronger collaboration between fintech providers, financial institutions, and regulators to create a seamless global financial ecosystem. He highlighted that SMEs, which comprise nearly 90% of businesses in Rwanda, still struggle with reliable financial services, calling for stronger partnerships to develop secure and efficient cross-border payment solutions.
The discussion featured key figures from the South African Reserve Bank, Bank of Ghana, I&M Bank Rwanda, NALA, Liquid Group, and the Africa Fintech Network. Moderated by Valence Kimenyi, Director of Financial Sector Development and Inclusion at the National Bank of Rwanda, the panel examined digital payment innovations and regulatory strategies to boost SME growth.
The Inclusive FinTech Forum collaborates with the Kigali International Financial Centre, the National Bank of Rwanda, and the Global Finance & Technology Network (GFTN). It aims to unite policymakers, investors, and fintech innovators to develop regulatory frameworks and promote financial inclusion.
Meanwhile, Bybit recently launched cmETH, a liquid restaking token developed by Mantle Network and the mETH Protocol to improve Ethereum staking. Users who mint and hold cmETH through Bybit’s On-Chain Earn service can receive a limited-time 6% APR bonus. The token merges Ethereum’s Proof-of-Stake yields with additional rewards and offers an 80% collateral value ratio for liquidity leverage. Bybit also provides zero-fee swaps between ETH, stETH, mETH, and cmETH, along with a seamless one-click minting process for staking.
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