The Introduction of Binance Pay in Brazil Facilitates Secure Cryptocurrency Transactions and Drives Adoption.
Binance Pay, Binance’s global cryptocurrency payment solution, has debuted in Brazil, enabling local merchants to accept cryptocurrency payments easily. The new payment option promises to attract new customers, accelerate processing, and reduce expenses.
We’re excited to announce that #Binance Pay has now launched in Brazil! 🇧🇷
Local businesses in the country can now access all the benefits of accepting crypto payments, including increased speeds and lower costs.
Find all the details below. https://t.co/s2av5QsCNC
— Binance (@binance) August 22, 2023Binance Pay enables borderless, contactless, and secure cryptocurrency transactions. It supports more than 70 cryptocurrencies, such as Bitcoin (BTC), Binance Coin (BNB), ether (ETH), and USDT. Merchants can receive payments directly in Brazilian Real or cryptocurrency to their accounts without incurring fees.
“Brazil registers one of the highest crypto adoption increase rates,” said Guilherme Nazar, General Manager for Binance in Brazil. “Companies and merchants can now benefit from high processing speeds, low costs, and security provided by Binance Pay.”
Accessibility of Payments in Brazil
Since its debut in 2021, Binance Pay has amassed over 12 million active users and processed over $98 billion in payment volumes. In Brazil, Binance Pay is collaborating with Weo Games. This gaming store sells merchandise for popular games such as Free Fire, Valorant, League of Legends, and WordPress, a website creator.
As cryptocurrency adoption increases, merchants integrating crypto payment solutions such as Binance Pay can expand their consumer base and strengthen their competitive position.
In addition, merchants who wish to incorporate Binance Pay into their checkout process can do so effortlessly by adding the Binance Pay entry point. Then, customers can pay via Web checkout or the Binance app by scanning a QR Code and selecting the token from their wallet.
Adopting Crypto Payments for Business Expansion
Pay enables businesses to accept cryptocurrency payments, boost consumer confidence, and expedite checkout. By the end of 2023, 75% of consumer-facing businesses in the United States intend to accept cryptocurrency payments, with 87% believing it would provide them a competitive advantage.
Using cryptocurrencies as a payment method assists in accommodating client preferences, enhances the user experience, and attracts new customers. Binance Pay will accelerate cryptocurrency adoption in Brazil and contribute to the global trend of cryptocurrency acceptance.
