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Binance and Mastercard announce the launch of Binance Card in Brazil.
The Binance Card issued by Dock will allow all new and existing Binance users in Brazil with a valid national ID to make purchases and pay bills with cryptocurrency.
Brazil is among Binance's top ten markets globally and becomes the second country in Latin America to have the product, after its launch last year in Argentina.
Binance Card is part of our efforts towards evolving the relationship between existing financial services and the growing crypto ecosystem. The card is in its beta launch phase in Brazil, and will be fully available in the coming weeks.
Binance and Mastercard are pleased to announce the launch of Binance Card in Brazil.
Binance card in Brazil
The Binance Card issued by Dock will allow all new and existing Binance users in Brazil, with a valid national ID, to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at more than 90 million Mastercard merchants worldwide , both in stores and online.
Users can enjoy a seamless transaction experience where their cryptocurrencies are converted to fiat currency in real time at the point of purchase. One of the benefits is up to 8% cash back in cryptocurrency on qualifying purchases, and zero fees on ATM withdrawals (although keep in mind that fees may apply for third-party and network services). .
Binance cardholders will be able to Ecuador Mobile Number List manage their cards through the card control panel on the Binance app and website. Users will also be able to view their transaction history and access customer service through the card's dashboard.
By using the Binance Card, merchants continue to receive fiat and users pay in any cryptocurrency of their choice across 14 supported currencies.
Adoption and innovation
Guilherme Nazar, General Manager of Binance for Brazil, said: "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 are one of the first and most obvious use cases for the crypto industry, however, adoption still has plenty of room to continue growing. We believe the Binance Card is a significant step in encouraging broader use of crypto and "global adoption, and the openness of Brazilians to innovation makes the country a great market for this launch."
The 2022 Mastercard New Payments Index, a global survey of more than 35,000 respondents, concluded that Brazil is one of the leading markets in terms of crypto interest worldwide: 49% of Brazilian consumers have carried out at least one crypto-related activity. crypto in the last year compared to the global average of 41%.
"Brazilians are eager to embrace crypto beyond an investment asset. Today we take an exciting step in our crypto journey, building on the strengths of both our trusted global network and Binance's infrastructure to support the choice of consumers in payments," said Marcelo Tangioni, Country Manager of Mastercard in Brazil.
Currencies and commissions
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.
Users can select the currencies they prefer to use in the app or on the platform. BRL payments are free (please note that third-party services and network fees may apply), while cryptocurrency payments have a 0.9% conversion fee.
In addition to supporting other cryptocurrencies, Binance plans to continue expanding the card to new markets around the world.
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發表於 14:14:34