Coin Edition -
- Binance announced the launch of the new prepaid card in Brazil.
- The exchange launches the card, partnering with the payment processing corporation Mastercard. Inc.
- The main focus of the launch is to broaden the connection between traditional finance and crypto.
The well-established cryptocurrency exchange Binance, in collaboration with the leading payment processing corporation, Mastercard Inc (NYSE:MA). has launched a novel prepaid card in Latin America’s largest economy, Brazil, primarily to “broaden the connection between traditional finance and crypto.”
Notably, on Monday, Binance announced in a blog post, that the new card would be released by Dock, a payment institution under the control of the Brazilian Central Bank.
On the same day, the exchange updated its Twitter account by announcing the introduction of the Binance card in Brazil, commenting that it’s another “step towards crypto adoption.”
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