Prepaid Crypto Cards Incoming 🚀

GM Guys and Gals,

Credit and Debit cards are just the old things - Prepaid Crypto Cards are on the way to disrupt the system. Binance is on the ground with Mastercard ready to launch prepaid crypto cards in Brazil 🇧🇷 [Here’s everything you need to know about this 👇🏻]

The future of Payments 💸

Binance has launched a prepaid crypto card in Brazil in partnership with Mastercard. The card will be available to all Binance users in Brazil with a valid national ID and allow them to make payments and pay bills with 13 cryptocurrencies, including bitcoin, ether and Binance USD.

Binance’s card will charge a 0.9% fee per transaction involving crypto, Binance said, adding that it will offer up to 8% in cashback with crypto and allow ATM withdrawals without fees.

The product is now in a testing phase and “will be widely available in the coming weeks”. Brazil is one of Binance's top 10 markets globally 🌏️

Binance cited a Mastercard study conducted in 2022 showing that 49% of Brazilian consumers claimed to have made at least one transaction using crypto in the past 12 months, compared to a global average of 41%.

“Brazilians are eager to use cryptocurrency beyond an investment asset,” Marcelo Tangioni, president of Mastercard in Brazil, said in the press release.

That’s it for the day, Web3Shala 👋

To the Moon 🚀