#BinanceAlphaAlert Binance allows Pix for payment in cryptos;
Understand: This mode will be available with over 100 cryptos, including bitcoin and ethereum.
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 reais using cryptocurrencies will be allowed. That is, the value of the digital asset in the user's wallet is instantly converted into the Brazilian currency.
The novelty allows the conversion of more than 100 cryptos, including bitcoin and ethereum.
The operation will be carried out by Z.ro Bank. According to Richard Teng, CEO of Binance, this measure marks a breakthrough 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 "The Brazilian and His Relationship with Money," released 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.
Great news for all Brazilians, we know that soon everyone will use this payment method.