2023-01-31
Binance, crypto trading web and payment provider Mastercard are teaming up again to launch the "Binance card" in Brazil.
Ref. Binance on Twitter
This card will provide Binance users with a valid ID card. Charges can be purchased and paid with cryptocurrency, according to the company's disclosure.
"This card is part of an ongoing
effort to develop a bridge between existing financial services and the growing
Crypto ecosystem," Binance said.
The card was released by the Dock and
is in beta testing, with plans to launch in the coming weeks.
"Brazil is a highly relevant market for Binance and we will continue to invest in new services for local users, as well as support the development of blockchain and crypto systems in the country," said Guilherme Nazar, General Manager of Binance Brazil.
Latin Americans are increasingly
turning to cryptocurrency. Amidst the high inflation of each country.
Source Link: The Block
Picture Credit: Link
