Binance, the world’s largest cryptocurrency platform by trading volume and number of users, has integrated its payment solution, Binance Pay, with Brazil’s Pix system to enable instant payments in the local currency using cryptocurrencies and transfers to any individual or merchant across the country.<\/p>\n\n\n\n
Supporting over 100 cryptocurrencies, the integration is pitched as bringing crypto into everyday life.<\/p>\n\n\n\n
Richard Teng, CEO, Binance, said: “Integrating Pix 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. This synergy empowers users with seamless, real-time transactions, enhancing the crypto experience and driving financial inclusion to new heights.”<\/p>\n\n\n\n
Guilherme Nazar, Binance’s regional vice president for Latin America, said: “This is a significant milestone because it is the first time Binance Pay is integrated into a national payment system in the world. This launch makes cryptocurrencies more accessible and usable in everyday life and reflects Binance’s commitment to customizing its global products to meet the demands of our local users.”<\/p>\n\n\n\n
Pix, an instant payment service launched by the Central Bank of Brazil, is already used by 76.4% of the Brazilian population – surpassing the use of cash (68.9%) and debit cards (69.1%).<\/p>\n\n\n\n
Brazil is the 6th-largest market in cryptocurrency adoption in the world, with around 17.5% of the population already owning some type of digital asset, according to data from the Triple-A consultancy.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Binance, the world’s largest cryptocurrency platform by trading volume and number of users, has integrated its payment solution, Binance Pay, with Brazil’s Pix system to enable instant payments in the local currency using cryptocurrencies and transfers to any individual or merchant across the country. Supporting over 100 cryptocurrencies, the integration is pitched as bringing crypto […]<\/p>\n","protected":false},"author":58,"featured_media":17164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51,3124,1941,2237,5452,94,5523,3],"tags":[5742,224,2336,5741,282,480,414,288,719,2846,408],"class_list":["post-17163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brazil","category-data","category-finance","category-latam","category-platforms","category-research","category-technology-ciso","category-top-stories","tag-binance","tag-brazil","tag-cryptocurrency","tag-cyrpto","tag-data","tag-finance","tag-latam","tag-latin-america","tag-pix","tag-platforms","tag-research"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/17163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/comments?post=17163"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/17163\/revisions"}],"predecessor-version":[{"id":17165,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/17163\/revisions\/17165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media\/17164"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media?parent=17163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/categories?post=17163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/tags?post=17163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}