Binance announced Monday that it has launched a prepaid crypto card in Brazil in collaboration with Mastercard.
According to a blog post, the card will be available to all Binance users in Brazil with a valid national ID and will allow them to make payments and pay bills in 13 cryptocurrencies, including bitcoin, ether, and Binance USD. Binance’s card will charge a 0.9% fee per cryptocurrency transaction, with up to 8% cashback and fee-free ATM withdrawals, according to the company. The product is currently in testing and “will be widely available in the coming weeks,” according to a Binance spokesperson.
