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Binance and Mastercard Partners to Launch Prepaid Crypto Card in Brazil



CZ Binance

Today Binance and Mastercard announces the launch of prepaid crypto cards in Brazil. Currently, the card is in the Beta phase and will soon be available widely in the coming weeks.

The Binance Card will allow new and existing users in Brazil to make purchases and pay bills with cryptocurrencies. Also, the users should have a valid national ID to be eligible for the Binance Card.

Guilherme Nazar, General Manager at Binance for Brazil says: “Brazil is an extremely relevant market for Binance and we will continue to invest in new services for local users, as well as contributing to the development of the blockchain and crypto ecosystem in the country.

“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.”

Binance Card holders in Brazil will be able to pay using 14 different currencies, including the Brazilian Real, BNB, BUSD, USDT, BTC, ETH, SANTOS, ADA, DOT, SOL, SHIB,  XRP, MATIC, and LINK. 

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.