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Binance and Mastercard team up to launch a prepaid crypto card in Brazil

Photo of Flavien FlavienJanuary 30, 2023
1 minute read
Binance logo on top of a phone with a Mastercard logo

At the end of November, the Chamber of Deputies implemented a new legal framework which allowed the Brazilian citizens to use cryptocurrencies as payments for goods and services. Binance is now launching a prepaid crypto card, in partnership with payment giants Mastercard, according to a blog post.

Owners of the Binance prepaid card will be able to pay with 14 different cryptocurrencies, which includes BTC, ETH and of course BUSD. Each transaction will have 0.9% fee, while offering up to 8% in cashback, and allow free-of-charge ATM withdrawals.

In a partnership with SmartPay inked in October 2022, Tether’s USDT was to be made available at over 24,000 ATMs across Brazil.

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Photo of Flavien FlavienJanuary 30, 2023
1 minute read
Photo of Flavien

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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