Binance Pay Integrates with Brazil’s Pix for Instant Crypto Payments Across LATAM’s Largest Market
Binance has integrated its payment service, Binance Pay, with Brazil’s Pix system, enabling real-time crypto-to-fiat payments for millions of users across Latin America’s largest economy.
The new feature allows Binance users in Brazil to instantly convert digital assets into Brazilian reais and make payments to any Pix-compatible bank account or merchant, the exchange said in a May 20 press release.
With support for over 100 cryptocurrencies, the integration brings digital currencies closer to daily use by embedding them into a payment network already trusted by over 174 million Brazilians.
Brazil’s Pix Used by 76.4% of Population
Pix, launched by Brazil’s Central Bank in 2020, has quickly overtaken traditional payment methods.
According to official figures, it is now used by 76.4% of the population, surpassing both cash and debit cards in popularity. The platform processes roughly 6 billion transactions monthly.
“This is a significant milestone for crypto adoption in Brazil,” said Guilherme Nazar, Binance’s regional vice president for Latin America.
“For the first time, Binance Pay is fully integrated into a national payment system. It allows users to spend crypto in the same seamless way they use Pix daily — quickly, safely, and without complications.”
Richard Teng, Binance’s CEO, called the move a “revolutionary step” that blends Brazil’s fast, government-developed Pix system with the global scale of Binance.
“This synergy empowers users with real-time transactions and drives financial inclusion to new heights,” Teng said.
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