Binance werkt samen met Mastercard om Crypto Card in Brazilië te lanceren

• Volgens Binance is Brazilië een van de grootste markten in Latijns-Amerika.
• Mastercard bracht vorig jaar een soortgelijke prepaidkaart uit in Argentinië.
• De nieuwe prepaidkaart is over enkele weken beschikbaar in Brazilië.

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Global payment platform Mastercard announced on Monday, January 30, a partnership with crypto exchange Binance to launch a prepaid card in Brazil. The move aligns with Mastercard’s ambition to “broaden the connection between traditional finance and crypto.”.

The Binance card is reportedly in beta testing and will be available in Brazil in the coming weeks. Brazil will become the second Latin American country to receive the prepaid cards after Argentina. Also, the launch of these cards in South America mirrors the strong reliance on cryptocurrency as a way out of harsh economic conditions. According to Marcelo Tangioni, president of Mastercard in Brazil, “Brazilians are eager to use cryptocurrency beyond an investment asset.”

Olá, Brasil! 🇧🇷#Binance Card has just launched in Brazil – another step towards crypto adoption 🤝 pic.twitter.com/UJRmpMhpbQ

— Binance (@binance) 30 januari 2023

Apart from boasting Latin America’s biggest economy, Brazil has also become one of Binance’s largest markets, and the partnership with Mastercard could tighten Binance’s grip on the South American crypto market.

Bovendien stellen de prepaidkaarten zowel oude als nieuwe Binance-gebruikers in staat rekeningen te betalen met cryptocurrencies bij elke Mastercard-verkoper. Er zijn ongeveer 13 cryptocurrencies beschikbaar voor gebruik, waaronder Binance USD, BTC en Ether.

Volgens een weblog na, users will need to have a valid ID card to be eligible for the card. Furthermore, Binance’s card will charge a 0.9% fee for each transaction involving cryptocurrencies. Binance also noted that it will allow free ATM withdrawals and provide up to 8% in cashback with crypto. Interestingly, the Brazilian card will work similarly to the Argentinian card. Users’ funds will be instantly converted from cryptocurrency to fiat currency at the sale point.

In reactie op de lancering van de kaart zei Guilherme Nazar, algemeen directeur van Binance Brazilië:

Brazilië is een uiterst relevante markt voor Binance en we zullen blijven investeren in nieuwe diensten voor lokale gebruikers, en bijdragen aan de ontwikkeling van blockchain en het crypto-ecosysteem in het land.

Binance referenced a 2022 MasterCard study, which showed that 49% of Brazilian users have made at least one transaction using cryptocurrency in the last 12 months, surpassing the global average of 41%. This statistic confirms Brail’s growing interest in cryptocurrencies.

The Brazilian Congress passed a bill last year that recognizes cryptocurrency payments in the country but does not make the assets themselves legal tender. The bill was signed into law by the former President Jair Bolsanaro.

According to Binance’s announcement, the crypto exchange has plannen te verhogen het aantal cryptocurrencies dat wordt ondersteund door zijn prepaidkaart en om deze in meer landen beschikbaar te maken.

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