Binance Pay has collaborated with Brazil’s Pix team to enable rapid payments across the country. Integrating Pix, Brazil’s payment system developed by the central bank, will allow merchants to accept more than 70 cryptocurrencies. Merchants can receive payments in Brazilian Real or crypto, fostering payment flexibility.
General Manager for Binance Brazil, Guilherme Nazar, underscored the importance of the launch. He stated that companies and merchants can benefit from low costs and high processing speeds with Binance Pay, as crypto payment continues to rise in adoption. The crypto service is in partnership with central bank’s-licensed payment service Latam Gateway to ensure full compliance.