Binance Pay becomes available in Brazil
Binance, a leading cryptocurrency exchange, has introduced Binance Pay to the Brazilian market. Binance Pay is the exchange’s cross-border and contactless method for cryptocurrency payments, with compatibility for over 70 cryptocurrencies. A wider pool of customers According to the exchange, users will be able to gain access to the payment solution without fees. For businesses situated in Brazil, the option exists to receive payments either in Brazilian real or directly in cryptocurrency to their designated wallets. “We expect this launch to be especially relevant for businesses in Brazil, as the country registers one of the highest crypto adoption increase rates. By accepting crypto as a payment method, they’ll increase the row of potential new consumers,” Guilherme Nazar, the general manager for Binance in Brazil, noted. You might also like: Binance refutes euro issues, confirms additional KYC Binance Pay users will also have an option of recharging th...