Mastercard and Binance have announced a partnership to issue a prepaid card in Brazil, Latin America’s largest economy.
The move comes as the crypto exchange seeks to “strengthen the connection between traditional finance and cryptocurrencies,” as noted in a Bincace statement.
It is noted that the Binance Card for the Brazilian market is still in a trial level of operation and its use is expected to be widely available in the coming weeks, and the country is the second in Latin America to launch Binance Card after Argentina.
Brazil is in the top 10 countries where Binance operates.
Binance Card will allow old and new customers of companies in Brazil to make cryptocurrency transactions at merchants that partner with Mastercard, Reuters reported.
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