Summary:
The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil. The partners previously rolled out such a feature in Argentina. As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to users in the following weeks. It comes as a result of the exchange’s goal to “broaden the connection between traditional finance and crypto.” Binance said Brazil is among its key markets, while new and existing customers will be allowed to use the card in every shop that employs Mastercard’s payment services. The entities teamed up last summer for a prepaid cryptocurrency card in Argentina, which provides up to 8% cashback in BNB
Topics:
Dimitar Dzhondzhorov considers the following as important: AA News, argentina, Binance, brazil, mastercard
This could be interesting, too:
The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil. The partners previously rolled out such a feature in Argentina. As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to users in the following weeks. It comes as a result of the exchange’s goal to “broaden the connection between traditional finance and crypto.” Binance said Brazil is among its key markets, while new and existing customers will be allowed to use the card in every shop that employs Mastercard’s payment services. The entities teamed up last summer for a prepaid cryptocurrency card in Argentina, which provides up to 8% cashback in BNB
Topics:
Dimitar Dzhondzhorov considers the following as important: AA News, argentina, Binance, brazil, mastercard
This could be interesting, too:
Wayne Jones writes VanEck Europe Enables SOL Staking for its M Solana ETN
Martin Young writes Chainlink Partners With Major Finance Firms on AI, Oracles, and Blockchain Data Solution Project
Wayne Jones writes Minneapolis Fed President Criticized for Remarks on Illegal Crypto Usage
Chayanika Deka writes Solana-Based Pump.fun Sells 40,000 SOL Worth .68M in Latest Transaction: Data
The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil.
The partners previously rolled out such a feature in Argentina.
- As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to users in the following weeks.
- It comes as a result of the exchange’s goal to “broaden the connection between traditional finance and crypto.”
- Binance said Brazil is among its key markets, while new and existing customers will be allowed to use the card in every shop that employs Mastercard’s payment services.
- The entities teamed up last summer for a prepaid cryptocurrency card in Argentina, which provides up to 8% cashback in BNB for specific purchases.
- Clients can withdraw a maximum of 45,000 pesos ($241) per day or up to 180,000 pesos ($964) per month. Daily purchases are limited to 90,000 pesos ($482), while monthly buys cannot exceed 360,000 pesos ($1,929).
- The prepaid cards launched in Brazil and Argentina could boost the interest in digital currencies and improve financial inclusion in the region.
- Despite being the largest financial market in South America, tens of millions of Brazilians lack access to basic monetary services. On the other hand, locals are among the global leaders in cryptocurrency adoption, with 41% of the surveyed admitting they are HODLers.
- The situation is similar with its South-Western neighbor – Argentina. Digital assets, specifically bitcoin and stablecoins, have become increasingly popular due to the country’s political turmoil, galloping inflation, and general financial issues.