Joint Brazilian Initiative for 13 Cryptocurrencies from Binance and Mastercard

Binance, the world’s largest cryptocurrency exchange by volume, announced that it has launched a prepaid card compatible with 13 cryptocurrencies as a result of its agreement with Mastercard.

According to a report by Reuters Binance and MasterCard, A cryptocurrency compatible prepaid card Released in Brazil it took. Thanks to this card, which has been brought to life, it has a valid national identity. in Brazil all new and available Binance usersin all stores and businesses that accept Mastercard Bitcoin (BTC) They will be able to pay with many cryptocurrencies, including

Users can also perform daily bill payment transactions. this card they can use. Binance for every transaction made 0.9% transaction fee will receive. On the other hand, the card is in return for the transactions made. Cashback opportunity up to 8% from ATM transactions charge any fees will not be.

A Binance spokesperson said in a statement that the product is currently in testing and will be widely available in the coming weeks.

Brazil, after the card went live in Argentina last year Binance’s stepped in Latin America became the second country.

Binance Brazil General Manager Guilherme Evil Eye In his statement on the subject, he gave the following details:

Brazil is an extremely important market for Binance. We will continue to invest in new services for local users and contribute to the development of the crypto ecosystem in the country.

Which cryptocurrencies are included?

Introduced in Brazil, Binance Card contains 13 different cryptocurrencies, including stablecoins. Among them stablecoin Binance USD (BUSD) and Tether (USDT) Besides the bitcoin, Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Polkadot (DOT), Left (LEFT), Shiba Inu (SHIB), Ripple (XRP), Polygon (MATIC), Chainlink (LINK) and Santos FC Fan Token (SANTOS) is located.

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