Binance and Mastercard has officially launch a prepaid crypto card In Brazil.
The card is in its beta launch phase in Brazil, and will be widely available in the coming weeks.
The Binance Card issued by Dock allows all new and existing Brazilian Binance users with a valid national ID to make purchases and pay bills with cryptocurrencies including Bitcoin and BNB, at over 90 million Mastercard merchants worldwide, both in-store and online.
Brazil is among Binance’s top ten markets worldwide, being the second country in Latin America to launch the product after Argentina last year.
Users can enjoy a seamless transaction in which their cryptocurrencies are converted to fiat currency in real-time at the point of purchase.
One of the perks includes up to 8% cashback in crypto on eligible purchases and zero fees on ATM withdrawals (although please note that third-party services and network fees may apply) .
Binance cardholders will be able to manage their cards through the card dashboard on the Binance App and website.
Users will also be able to view their transaction history and access customer support via the card dashboard.
Binance Card holders in Brazil will be able to pay by using 14 different currencies, including the Brazilian Real, BNB, BUSD, USDT, BTC, ETH, SANTOS, ADA, DOT, SOL, SHIB, XRP, MATIC, and LINK.