Binance Pay has integrated with Brazil’s Pix system, allowing users to make instant payments in reais using cryptocurrency.
Binance users in Brazil can now transfer and pay directly from their Binance accounts to any bank account or to merchants that accept Pix. The digital asset’s value is converted to Brazilian reais instantly, enabling transactions to be completed in seconds.
With support for over 100 cryptocurrencies, Binance highlights that this integration brings cryptocurrency into the daily lives of millions of Brazilians who utilize the widely popular central bank-run Pix payments platform.
Richard Teng, CEO of Binance, stated, “Integrating Pix, a remarkable development by the government of Brazil, with Binance Pay marks a revolutionary step forward, combining the speed and accessibility of Brazil’s instant payment system with the global reach and innovation of Binance.”