• Binance, the world’s largest cryptocurrency exchange, has partnered with Mastercard to launch a prepaid card in Brazil.
• The card is currently being tested and should be available to users in the coming weeks.
• This card will allow users to use it in every shop that employs Mastercard’s payment services and provide up to 8% cashback in BNB for some purchases.
Binance Introduces Crypto Prepaid Card with Mastercard
Binance, the world’s largest cryptocurrency exchange platform, has announced their new partnership with multinational financial services giant – Mastercard – to introduce a prepaid crypto card in Brazil. The card is currently undergoing testing and should be widely available within the next few weeks.
Benefits of Using The Binance Card
The new Binance Card will enable customers to make payments at any shop that uses Mastercard’s payment services. Additionally, customers can receive up to 8% cash back rewards on some purchases made using this prepaid card denominated in BNB (Binance Coin). Furthermore, customers are allowed withdrawal of up to 45,000 pesos per day or 180,000 pesos per month as well as daily purchase limit of 90,000 pesos or monthly purchase limit of 360,000 pesos.
Boosting Interest in Crypto & Improving Financial Inclusion
The introduction of prepaid cards by Binance and Mastercard could help boost interest in cryptocurrencies as well as improve financial inclusion among millions of people living in Brazil who lack access to basic monetary services. This move would also open up more opportunities for people who were previously excluded from traditional banking systems due to various reasons such as low income or lack of required documents.
Key Markets For Binance
Brazil is one of the key markets for Binance according to their recent statement about this partnership with Mastercard which will allow them further expand their reach into South America and beyond.
This strategic partnership between two giants – Binance and MasterCard – could have far-reaching implications on cryptocurrency adoption across the globe by providing an easier way for people around the world to access digital currencies through traditional banking systems with added rewards for certain purchases made using this prepaid crypto card issued by them both