Binance is announcing a new and exciting partnership that will boost crypto adoption. According to the latest reports, the crypto exchange just teamed up with Mastercard and they plan to launch the Binance Card in Brazil. Here are the latest reports about the issue.
Binance reveals new partnership
Binance, the world’s largest crypto exchange by trading volume, said that it is committed to growing a relationship between traditional financial services and crypto.
“Binance Card is part of our ongoing efforts toward evolving the relationship between existing financial services and the growing crypto ecosystem. The card is in its beta launch phase in Brazil, and will be widely available in the coming weeks.”
Binance said that Brazil is one of the exchange’s top 10 markets. Brazil will be the second Latin American company to receive the Binance Card after it was launched last year in Argentina.
The official announcement notes the fact that any Brazilian Binance user with a valid national ID will be able to use the card and manage it through the Binance app.
“The Binance Card issued by Dock will allow all new and existing Binance users in Brazil with a valid national ID to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at over 90 million Mastercard merchants worldwide, both in-store and online.”
According to the same notes:
“Users can enjoy a seamless transaction in which their cryptocurrencies are converted to fiat currency in real-time at the point of purchase. One of the perks includes up to 8% cashback in crypto on eligible purchases and zero fees on ATM withdrawals (although please note that third-party services and network fees may apply).”
We suggest that you check out the official notes in order to learn all the available details.
Stay tuned for more news from the crypto space, and make sure to check out the market as well.