PURCHASE, N.Y.— Mastercard is partnering with the world’s largest crypto exchange, Binance, to launch a prepaid crypto card in Latin America.
Binance just announced the launch of the Binance Card in Brazil. The new card is issued by Dock, a payment institution regulated by Banco Central do Brasil, Brazil's central bank, Cointelegraph reported.
The new card will allow new and existing Binance users in the country with valid national IDs to make purchases and pay bills with crypto assets. The card is in beta testing and will be “widely available in the coming weeks,” according to Binance.
Brazil is the second country where Binance has launched the product, following Argentina in August. Brazil is among the top 10 markets for Binance globally, the company stated.
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