Brazil is one of Binance's ten-largest markets, the
crypto said, adding that the prepaid card will all new and
existing Binance users in the country to shop and pay bills with
cryptocurrencies at Mastercard merchants.
(Reporting by Andre Romani; Editing by Steven Grattan)
(Updates with details, context)
SAO PAULO, Jan 30 (Reuters) - Mastercard Inc and
Binance said on Monday they are lauching a prepaid card in
Brazil, Latin America's largest economy, as part of the crypto
giant's efforts to "broaden the connection between traditional
finance and crypto".
According to a statement, the so-called Binance Card is
currently in beta testing and should be widely available in the
next few weeks, making Brazil the second country in Latin
America to receive it after Argentina.
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