Binance Pay integrates with Brazil’s Pix for instant crypto payments
Binance has integrated its payment platform, Binance Pay, with Brazil’s Pix system to facilitate cryptocurrency transactions in Brazilian reais.
This integration enables Binance users in Brazil to conduct direct transfers from their exchange accounts to any local bank account or merchant accepting Pix.
This initiative supports over 100 cryptocurrencies, allowing for instant conversion and transaction completion within seconds.
Pix, an instant payment solution, was launched by the Central Bank of Brazil in 2020.
Binance CEO Richard Teng said: “Integrating Pix, a remarkable development by the government of Brazil, with Binance Pay marks a revolutionary step forward, combining the speed and accessibility of Brazil’s instant…
