Mastercard and Binance Join Forces in Brazil

New Prepaid Card to Strengthen Connection between Traditional Finance and Crypto

- Advertisement -

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.

Read Also

Binance Now Registered in Sweden – World’s Largest Cryptocurrency Exchange Licensed in Seventh European Jurisdiction

Are All Crypto Tied To Bitcoin? Here’s What You Need To Know

Binance CEO announces massive hiring crescendo for 2023

Currency Union in Latin America: Brazil and Argentina to Launch Common Currency

Brazil’s CBDC to be built on blockchain inspired by Ethereum network

- Advertisement -
- Advertisement -
- Advertisement -


- Advertisement -

Must Read

Read Next
Recommended to you