Binance and Pix Team to Drive Instant Crypto Payments in Brazil
Binance has integrated its payment solution with Pix, Brazil’s instant payment system.
The integration, announced Wednesday (May 21), allows people to use Binance Pay and Pix to make instant payments in the local currency using cryptocurrencies and transfers to any individual or merchant in Latin America’s largest country.
“This is a significant milestone because it is the first time Binance Pay is integrated into a national payment system in the world,” Guilherme Nazar, Binance’s regional vice president for Latin America, said in a news release.
“It allows our users in Brazil to use their cryptocurrencies for payments at any commercial establishment and to anyone in the country, quickly, safely and…
