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

By Bitcoin.com - 1 ano atrás - Tempo de leitura: 2 minutos

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

Troca de criptografia líder 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 Cartão pré-pago

Binance, a leading cryptocurrency exchange by volume traded, anunciou 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, teve estabelecido em setembro que o Brasil era um dos principais mercados emergentes para o lançamento de um cartão pré-pago na América Latina.

Os pagamentos feitos com moeda fiduciária usando o cartão pré-pago serão isentos de taxas. No entanto, os pagamentos envolvendo conversões de cripto para fiduciário terão uma taxa de 0.9%. Além disso, o cartão oferece 8% de reembolso em cripto que se aplica a compras qualificadas.

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 lançado um produto similar na Argentina primeiro, em agosto do ano passado.

Aproximando Criptomoedas e Pagamentos

Escolha 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 explicou que o Brasil foi um dos mercados mais relevantes para a exchange na área, e que a empresa continuará investindo para trazer novos serviços e contribuir para a adoção de blockchain e cripto no país.

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.

Fonte original: Bitcoin.com