By Bitcoin.com - 1 year ago - Nguva yekuverenga: 2 maminitsi
Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion
Inotungamira crypto exchange 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 Prepaid Card
Binance, a leading cryptocurrency exchange by volume traded, zvakaziviswa 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, waiti munaSeptember kuti Brazil yaiva imwe yemisika yepamusoro iri kuuya yekutangwa kwekadhi rekubhadhara kare muLatam.
Kubhadhara kunoitwa nefiat currency uchishandisa prepaid kadhi kuchave pasina muripo. Zvisinei, kubhadhara kunosanganisira kutendeuka kwekrispto-to-fiat kuchava ne 0.9% mubhadharo. Zvakare, iyo kadhi inoratidzira 8% mari yekudzoserwa mu crypto iyo inoshanda kune yakakodzera kutenga.
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 yakatanga chigadzirwa chakafanana muArgentina kutanga, muna Nyamavhuvhu gore rapfuura.
Kuunza Crypto uye Payments Pedyo
For 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 akatsanangura kuti Brazil yaiva imwe yemisika yakakosha yekutsinhana munharaunda, uye kuti kambani icharamba ichiisa mari mukuunza masevhisi matsva uye kubatsira mukugamuchirwa kwe blockchain uye crypto munyika.
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.
Original source: Bitcoin.com