Binance and Mastercard launch crypto card in Brazil
Binance and Mastercard have partnered to launch a new crypto debit card in Brazil. This collaboration will allow Brazilian users to easily convert their digital assets into local currency for everyday purchases, making it easier for them to use cryptocurrency in their daily lives.
Users will be able to choose which cryptocurrency they want to use to make purchases, with real-time conversion to Brazilian reals at point of sale. Transactions can be made in 14 assets, including Brazilian real, BUSD, BNB, USDT, ETH and BTC.
A 0.9% commission will be charged for transactions, and cash withdrawals from ATMs will be free. Cardholders will also be able to receive cashback in cryptocurrencies in the amount of up to 8%.
This collaboration of Binance and Mastercard is aimed at promoting the wider adoption of cryptocurrency in Brazil and the rest of the world. It also provides a solution for those who want to use digital assets for everyday purchases without having to go through the hassle of converting it to local currency first.
The launch of this debit card is a significant step for both Binance and Mastercard, as it provides a bridge between the traditional financial world and the fast-growing world of cryptocurrency. It also opens up new opportunities for growth and innovation in the Brazilian market.
With the increasing popularity of digital currencies and the growing demand for their use in everyday transactions, Binance and Mastercard’s new debit card is expected to be well received by the Brazilian market.
According to Guilherme Nazar, Binance manager in Brazil, residents of the country show a high interest in cryptocurrencies. Brazil is a very important market for the company, and Binance will continue to promote new services for local users, as well as contribute to the development of the blockchain and crypto industry in the country.
In conclusion, the launch of a new crypto-linked card in Brazil marks a major milestone in the adoption and integration of digital currencies into mainstream finance. It is a positive step towards making cryptocurrency accessible to a wider audience and promoting its use in everyday transactions.
Earlier, Mastercard and Binance have already created a similar card for clients from Argentina.
Upon creating a Binance account using our link, new users who have subscribed to the VipDeposits loyalty program receive benefits which include a 15% discount on the commissions for cryptocurrency transactions and individual assistance on all issues.