The world’s most-used crypto platform, Binance, has made headlines with the launch of its Mastercard crypto card in Brazil. In early 2021, they declared their plan to expand into new regions, and now that goal is a reality: Their card can be used in numerous countries around the globe!
Mastercard And Binance Crypto Card Offers Many Features
Binance, the largest crypto-exchange by trading volume, proudly announced that they have officially launched their Mastercard debit card in Brazil! With this new addition to Binance’s services, Brazilian users can now access and purchase goods with cryptocurrencies. Amazingly, Mastercard converts all cryptocurrency into euros at the time of every transaction – completely instantaneous!
Brazil has now been added to the list of countries where you can use a Binance Mastercard. Unfortunately, America and England are not yet included; however, transactions can be converted into euros. Most excitingly, this crypto card grants users in Brazil access to 13 different crypto assets, including Bitcoin (BTC), Ethereum (ETH), and Binance USD (BUSD). A fee of 0.9% applies for each transaction made with cryptocurrency – but that’s nothing compared to a cashback service of up to 8%. Plus, no fees will apply when withdrawing from any ATM with a Mastercard!
Brazil Was SpeciallySelected for Crypto Card Launch
Last month, Binance and Mastercard made a strategic partnership for payments in Brazil, resulting in the development of a prepaid (or debit) crypto card to make crypto payments. After conducting research and market analysis, Binance realized the significance of this South American federal state; therefore, it has decided to invest in new services aimed at local users while contributing towards advancing blockchain and crypto ecosystems within Brazil.
Recent studies show that in 2022, nearly half of the Brazilian customers had transacted with cryptocurrency within the preceding year. This number is significantly higher than the international average of 41%, indicating a strong tendency towards digital payments today!
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