- Binance Pay expands to Brazil after its successful launches in Japan and a partnership with YesStyle.
- Binance Pay supports over 70 cryptocurrencies and provides a seamless option for users and merchants in Brazil for wallet-to-wallet transfers.
- Brazil showcases high crypto adoption rates, with Binance Pay offering merchants the option to receive payments in Brazilian Real or crypto.
The ever-evolving world of crypto is always taking new strides and expanding more than before. To add zest to the world of virtual assets, Binance Pay has announced its launch in Brazil. What should readers know about this new launch and what preceded before? Let’s find out!
Binance Makes Significant Strides
Binance has been making waves this year with its rapid integrations and new partnerships. Recently, the platform announced its partnership with YesStyle, an online marketplace for all things beauty. Well, if that wasn’t enough, Binance then announced its launch in Japan, and now it’s in Brazil as well. This crypto giant sure knows how to go global!
With its recent MVP licensing in Dubai, one could not have expected the platform to go wide. However, there are no gains in playing small, and Binance Pay knows that.
About Binance Pay
A contactless and borders cryptocurrency payment support option, Binance boasts over 70 cryptocurrencies, including Bitcoin (BTC), BNB, Ether (ETH), and USDT, to name a few. With its recent launch in Brazil, the platform will now be providing users a seamless option to make transfers to merchants without any additional feed. Moreover, merchants and providers in Brazil would be able to accept payments in seconds if it is made from wallet to wallet.
Despite being under scrutiny in the US, Binance has kept up its pace. The platform is playing globally right now and can be expected to grow.
Binance in Brazil
When it comes to Brazil, Binance Pay offers Brazil-based merchants the option to either receive the payment in either Brazillian Real or in cryptocurrency directly in their wallet. According to Guilherme Nazar, general manager for Binance in Brazil,
“Payment is one of the most popular use cases of crypto, which has seen a continuous increase in adoption. Companies and merchants can now benefit from high processing speeds, low costs, and security provided by Binance Pay. We expect this launch to be especially relevant for businesses in Brazil, as the country registers one of the highest crypto adoption increase rates. By accepting crypto as a payment method, they’ll increase the row of potential new consumers.”
With almost three-quarters of consumer businesses agreeing to crypto payments, this is an outstanding achievement for Binance. In the future, Brazil can be expected to grow more than ever with these novel payment options.