Binance has enabled cryptocurrency payments through Pix in Brazil, allowing users to pay with crypto that is instantly converted to Brazilian reais (BRL).
Brazil becomes the first country to integrate Binance Pay with its national payment network, offering over 100 digital currencies for payments.
This development simplifies the usage of cryptocurrency in daily transactions for Brazilians, eliminating the need to cash out crypto before making payments.
By partnering with the widely used Pix system in Brazil, Binance aims to tap into the popularity of the payment system and drive the adoption of cryptocurrencies in the country.