Just as there is an anti-Binance sentiment in North America, there is the opposite sentiment in South America. After the moderate decisions made in Peru regarding Binance in the last few days, good news came from Brazil. According to this, the distribution of Binance cards can now begin.
Preliminary Agreements Have Been Reached
Mastercard and Binance are joining forces to launch the prepaid Binance Card in Brazil. This was a time interpreted by many authorities as the integration of cryptocurrencies into our lives.
On Monday, cryptocurrency exchange Binance announced the launch of a prepaid card compatible with 14 digital currencies with Mastercard. While many people welcomed this situation, there are also very serious opponents in the Brazilian media.
Second Country After Argentina
This is Binance’s second product in Latin America, following the launch of the card in Argentina last year. However, it is still too early to talk about this issue. While Mastercard is involved, it is also stressed that there will still be complaints. However, we will have to wait and see how the process progresses in the medium and long term.
What Are The Features Of The Binance Card?
Although there are currently no clear explanations about the cards that will be produced and distributed in Brazil, it is clear that they will be much more useful than a normal prepaid card in the medium and long term. Accordingly, it is underlined that it will have priority in many Binance campaigns and events.
The Binance card will allow all new and existing Binance users with a valid ID in Brazil to make purchases and pay bills with cryptocurrencies, including Bitcoin and BNB, at more than 90 million Mastercard merchants worldwide, both physical stores and businesses.
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