Binance and Mastercard have jointly launched a prepaid crypto card in Brazil, allowing users to make payments with 13 cryptocurrencies, including Bitcoin, Ethereum, and Binance USD.
The card has a 0.9% transaction fee, with the option of up to 8% cashback in crypto, and free ATM withdrawals. The product is currently in testing phase and will be widely available soon.
A study by Mastercard showed 49% of Brazilian consumers have made at least one crypto transaction in the past year, higher than the global average of 41%.
Binance has previously launched similar cards in Argentina and the European Economic Area.