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Guilherme Nazar about launch of the Binance card in Brazil

Guilherme Nazar | Binance General Manager in Brazil

The Dock processing center, regulated by the Brazilian central bank, is starting to issue a debit banking Binance Card designed to integrate traditional financial services with the global cryptocurrency ecosystem.

Binance Card should automatically convert crypto assets into fiat currency in real time directly at the time of purchase. According to Mastercard representatives, holders of a cryptocurrency debit card will be able to make financial transactions in more than 90 million service points around the world. At the initial stage, the card balance is maintained in 14 assets, including Brazilian real, BNB, BUSD, USDT, BTC and ETH. Brazilian Binance Card holders are promised cashback of up to 8% in crypto assets and interest-free cash withdrawals at ATMs.

The launch of Binance Card in Brazil was the result of the country's great interest in cryptocurrencies. According to a recent global survey, 49% of Brazilian consumers participated in at least one cryptographic transaction compared to the global average of 41%. Binance sees this as an opportunity to invest in new services for local users and contribute to the development of the Brazilian blockchain and cryptocurrency ecosystem..

assured Binance General Manager in Brazil Guilherme Nazar

The crypto exchange plans to bring the Binance Card to markets around the world, as well as expand the list of supported crypto assets. Earlier, Binance and the Mastercard payment system released a similar banking product for Argentine citizens.

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