Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion

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Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion

Pertukaran crypto terkemuka Binance and credit card giant Mastercard have partnered to launch a prepaid crypto-linked card in Brazil as part of Binance’s expansion plans in Latam. The Binance card features 8% cashback for eligible purchases and supports on-the-fly conversion of 13 cryptocurrencies to make payments to local merchants.

Brazil Receives Binance Kad pra bayar

Binance, a leading cryptocurrency exchange by volume traded, mengumumkan on Jan. 30 the launch of its Binance card in brazil, a product that will allow crypto users to make payments in crypto to legacy merchants. The card, which is backed by Mastercard, will enable registered customers of the exchange from all over Brazil to make crypto payments with 13 supported cryptocurrencies, including on-the-fly conversions to the Brazilian real.

The release of this product comes as no surprise to some, as Matthew Shroder, global vice president and regional director at Binance, telah dinyatakan pada bulan September bahawa Brazil adalah salah satu pasaran akan datang teratas untuk pelancaran kad prabayar di Latam.

Pembayaran yang dibuat dengan mata wang fiat menggunakan kad prabayar adalah tanpa bayaran. Walau bagaimanapun, pembayaran yang melibatkan penukaran crypto-to-fiat akan dikenakan bayaran 0.9%. Selain itu, kad ini mempunyai 8% pulangan tunai dalam crypto yang digunakan untuk pembelian yang layak.

This move is part of the efforts that the exchange is making to expand its footprint in Latam. Brazil is the second market in which the instrument will be launched. Binance dilancarkan produk serupa di Argentina dahulu, pada Ogos tahun lalu.

Merapatkan Kripto dan Pembayaran

Untuk Binance, there is room for crypto to keep growing in the payments area, and being Brazil is one of the biggest payments hubs on the continent, the interest in bringing these services to the country is clear. About the goals that Binance wants to achieve, Guilherme Nazar, general manager at Binance for Brazil, stated:

Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption, and the openness of Brazilians to innovation makes the country a great market for this release.

Nazar menjelaskan bahawa Brazil adalah salah satu pasaran paling relevan untuk pertukaran di kawasan itu, dan syarikat itu akan terus melabur dalam membawa perkhidmatan baharu dan menyumbang kepada penggunaan blockchain dan crypto di negara itu.

Binance hopes to expand this product to more markets but did not make specific announcements on this matter.

What do you think about the launch of the Binance card in Brazil? Tell us in the comments section below.

Sumber asal: Bitcoin.com