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Binance Prepaid Cryptocard in Brazil now!


Dear Readers,

On Sunday, we have written an article of the Kucard which is to be launched by one of the largest Crypto Exchanges- Kucoin in partnership with VISA. This Kucard will be available in few countries in the world. But with the partnership of VISA, the payments can be done worldwide.

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                                                                Representational Image

Following this the World’s Largest Crypto Exchange- Binance announced through its blog that the launch of the Prepaid card in Brazil with the partnership with Mastercard. This is the beta version of the launch in Brazil and it will be available widely in the coming days.

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                                                                            Representational Image

This prepaid card will be issued by the noted Fintech Company, Dock- the leader that offers solutions for digital payments and banking services based in Brazil. Docks offers the services in few countries in the world.

According to Wikipedia, Brazil- officially the Federative Republic of Brazil, is the largest country in South America and in Latin America. At 8.5 million square kilometers and with over 217 million people, Brazil is the world's fifth-largest country by area and the seventh most populous.

According to the Mastercard Global Index Survey 2022, nearly half of the Brazilians ( 49%) have done at least one crypto related activity. This is much higher than the global average of 41%.

It is to be noted that Binance in partnership of Mastercard has already launched this card first in Argentina in the Latin America region last year. Brazil is the second country to be launched this card.  

The Brazilian nationals can apply for this Binance Card with the submission of a valid national id. With this Binance prepaid card, the payment would be happened in real time conversion from Crypto to Fiat Currency.

This Binance pre paid can be managed and controlled through the Binance website and Binance app.

It is said that this Binance Card holders in Brazil can able c to pay by using 14 different cryptocurrencies including the Brazilian Real, BNB, BUSD, USDT, BTC, ETH, SANTOS, ADA, DOT, SOL, SHIB, XRP, MATIC and LINK. 

The users of this Binance Card will get 8% of the eligible payments and 0 ATM withdrawals ( But there may be some other third party fee would be appliable).

Surely, the introduction of this Crypto based cards will make things easy for the Crypto users for their payment solutions in their day to day life and it will get in to the next step of transformation in the growing digital payment solutions in the fin-tech eco systems.

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