On Monday, Mastercard Inc. and Binance announced that they would issue prepaid cards in Brazil, the largest economic power in South America. This move is part of an attempt by cryptocurrency leaders to expand the relationship between traditional banks and digital currencies.
According to a public announcement, Brazil will become the second country in South America to receive the Binance card after Croatia. It is now in product testing and will also be widely used in a few weeks. Generally, users can get up to 8% BNB rebate for each purchase with Binance Crypto card. In addition, all eligible purchase rebates will be automatically and immediately deposited into the capital wallet of the Cryptographic Trading Center.
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According to the obtained information, the cost of encryption transformation will reach 0.9%. Although there is no charge for the initial sale of the ordinary card, $25 will be deducted for the second sale of the card. Brazil's Binance card users can quickly manage their own cards by using the car dashboard for bank cards on the Binance website and mobile applications. The dashboard of the car will also provide users with assistance in browsing customers and testing their historical level of trading in human beings.
In addition, users will be able to use prepaid cards to quickly change the cryptocurrency they hold, just as they use any other basic savings card. It is estimated that this card will support multiple cryptocurrencies, and users will be able to select the property they want to save or trade according to the characteristics of the system software.
The strategic partners of MasterCard and Binance are another direct evidence of the mainstream of cryptocurrency and blockchain technology. It is estimated that more and more people will be attracted by digital currency due to various reasons, including the need for more economic freedom, group polarization and stability.
According to Binance, the top cryptocurrency trading center, Brazil is one of the top ten sales markets for services. In addition, the prepaid card will allow all new users and current users in South American countries to use cryptocurrency to buy things and pay bills at MasterCard merchants.
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Tue, 18 Apr 2023