Binance and Mastercard have announced they intend to release a crypto card for Brazilian users. It is important to remember that they have previously released the same product to residents of Argentina.
The Binance Card is still in the testing phase. Mastercard and Binance have promised to release the crypto card to the market in the coming weeks.
This payment instrument will reportedly expand the connection between the traditional finance market and cryptocurrencies.
Brazil is on the list of countries with the fastest adoption rates of virtual currencies. According to the companies, the crypto card can be used in any Brazilian shop or restaurant where Mastercard payments are accepted.