The cryptocurrency exchange Binance has rolled out its
Binance Pay service to the vibrant Brazilian crypto market. This initiative aims to provide the Brazilian users with a cryptocurrency
payment option that transcends the boundaries of the traditional market.
With support for more
than 70 cryptocurrencies, including popular ones like Bitcoin (BTC), BNB, Ether
(ETH), and USDT, Binance Pay aims to bring a comprehensive range of digital
assets to the Brazilian market, the exchange said.
According to a blog post
published by the company, Binance Pay charges no transaction fees.
Additionally, the service gives merchants the flexibility to receive payments
either in Brazilian Real or directly in cryptocurrencies .
The impact of Binance
Pay’s entry into the Brazilian market is underscored by its initial
partnerships. Collaborating with Weo Games, a pioneering gaming store (featuring
games such as Free Fire, Valorant, League of Legends), and WordPress with its
e-commerce plugin WooComerce.
According to Nazar,
General Manager for Binance in Brazil, “Payment is one of the most popular
use cases of crypto, which has seen a continuous increase in adoption. We
expect this launch to be especially relevant for businesses in Brazil, as…
