Binance has introduced a prepaid cryptocurrency card in Brazil In collaboration with Mastercard.
According to a blog post, the card would be available to all Brazilian Binance users with a legitimate national ID and let them to make payments and settle invoices with 13 cryptocurrencies, including bitcoin, ether, and Binance USD.
The card will have a 0.9% charge for each transaction involving cryptocurrencies, as well as up to 8% cashback and fee-free ATM withdrawals.
Brazil will become the second country in Latin America to obtain the so-called Binance Card after Argentina once it finishes beta testing and becomes readily accessible in a few weeks.
The card will have a 0.9% charge for each transaction involving cryptocurrencies, as well as up to 8% cashback and fee-free ATM withdrawals.
Brazil will become the second country in Latin America to obtain the so-called Binance Card after Argentina once it finishes beta testing and becomes readily accessible in a few weeks.
The crypto exchange rolled out its card in Brazil following a similar announcement in Argentina back in August 2022, which was also done in collaboration with Mastercard.
The prepaid card will allow all new and existing Brazil-based Binance users to shop and pay bills with cryptocurrencies at Mastercard vendors.
The prepaid card will enable all new and existing Brazil-based Binance users to shop and pay bills with cryptocurrencies at Mastercard vendors. According to a 2022 Mastercard survey quoted by Binance, 49% of Brazilian customers reported to have performed at least one cryptocurrency-based transaction in the previous 12 months, compared to a world average of 41%.
