#BINANCEPAY #BRASIL

On this Tuesday (20), the cryptocurrency trading platform, Binance, announced the integration of #PIX into the Binance Pay payment solution.

Now, instant payments and transfers in Brazilian real using cryptocurrencies will be allowed. In other words, the value of the digital asset in the user's wallet is instantly converted into Brazilian currency.

The new feature allows the conversion of over 100 cryptocurrencies, including bitcoin and ethereum.

The operation will be carried out by Z.ro Bank. According to Richard Teng, CEO of Binance, this measure marks an advancement in the speed and accessibility of Brazil's instant payment system.

“This synergy empowers users with real-time transactions and without complications, enhancing the experience with cryptocurrencies and driving financial inclusion to new heights,” he says.

According to the research “Brazilians and Their Relationship with Money,” published by the Central Bank, PIX is already used by 76.4% of the Brazilian population.

PIX is an instant payment service created by the Central Bank in 2020, and currently, over 174 million people and institutions use the service in the country.