In partnership with payment giant Mastercard and crypto exchange Binance, the prepaid card service will be launched in Brazil.
Crypto and blockchain initiatives of institutions continue unabated. In particular, Mastercard has rolled up its sleeves to expand the ease of use of crypto and digital payments. In this context, Mastercard will launch a prepaid card in Brazil in partnership with Binance. Binance Card is currently in beta testing and will be widely available in the coming weeks.
Mastercard and Binance Launch Card Service in Brazil
Mastercard and Binance have announced that they will launch Binance Card, a prepaid card service in Brazil. In the statement, the message was given that the focus is on this service with the aim of expanding the connection between traditional finance.
Launched in beta in Brazil, Binance Card will take full effect in a few weeks. The prepaid card service has spread to Brazil after Argentina.
The crypto industry stands out as one of the ten largest markets in Brazil. The popular exchange will allow users to shop using cryptocurrencies with the Mastercard infrastructure.
The widespread use and adoption of cryptocurrencies suggests that such services may become increasingly common.
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