By Bitcoin.com - 1 year ago - Reading Time: 2 menit
Binance and Mastercard Launch Crypto Prepaid Card in Brazil as Part of Latam Expansion
Anjog bursa crypto 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 Card prepaid
Binance, a leading cryptocurrency exchange by volume traded, ngumumkeun 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, kagungan nyatakeun dina bulan Séptember yén Brazil éta salah sahiji pasar upcoming luhur pikeun peluncuran kartu prepaid di Latam.
Pangmayaran anu dilakukeun nganggo mata uang fiat nganggo kartu prabayar bakal gratis. Sanajan kitu, pangmayaran ngalibetkeun crypto-to-fiat conversions bakal boga fee 0.9%. Ogé, kartu nampilkeun 8% cashback dina crypto anu lumaku pikeun pameseran anu 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 dibuka produk sarupa di Argentina munggaran, dina bulan Agustus taun ka tukang.
Ngadeukeutan Crypto sareng Pangmayaran
keur 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 ngécéskeun yén Brazil éta salah sahiji pasar paling relevan pikeun bursa di wewengkon, sarta yén parusahaan bakal tetep investasi dina bringing jasa anyar jeung contributing kana nyoko blockchain na crypto di nagara éta.
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 aslina: Bitcoin.com