Binance Releases a Mastercard Card in Brazil
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Binance has just entered into a partnership with payment company Mastercard to jointly launch a prepaid card in Brazil.
According to an exchange spokesman, the product is currently in beta testing and will hit the market soon.
The card will allow users to make purchases and payments in 13 digital assets, including Bitcoin, Ethereum, and the exchange’s token BUSD. According to the platform, the funds will be converted into fiat in real time right when the transaction takes place.
The fee will be 0.9% per transaction and 0% for ATM withdrawals. Binance announced in October it was opening two offices in Brazil.
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