Global cryptocurrency exchange Binance has paved the way for cryptocurrency adoption through its various developments and initiatives. One such initiative is the launch of the Binance card, which allows users to spend cryptocurrencies for various purchases.
Brazil recently approved a law that acknowledged cryptocurrencies as payment methods in the country. To ease the cryptocurrency game for its citizens, Binance and Mastercard jointly launched prepaid cryptocurrency cards in Brazil.
Brazil becomes second Latin American country to make Binance card available
According to the details, the global cryptocurrency exchange, in partnership with Mastercard, announces the launch of the Binance card in Brazil. The card is also currently in beta and will be accessible to the wider public in the next few weeks.
The card is issued by Dock and will allow existing and new exchange users to pay bills and make purchases with cryptocurrencies in over 90 million Mastercard locations globally.
Users of the exchange will also be able to convert cryptocurrency to fiat currency in real time during the purchase process. Users will also be able to earn 8% cash back in cryptocurrencies. Binance Card now supports payments in over 15 cryptocurrencies, including BTC, ETH, BNB, BUSD, SHIB, MATIC, LINK, ADA, and others.