In collaboration with Mastercard, Binance debuted a prepaid cryptocurrency card in Brazil on January 30, 2023. With the card, customers will be able to pay with 13 cryptocurrencies, such as bitcoin, ether, and binance USD. According to Binance, its card has a 0.9% transaction fee and offers up to 8% cashback with cryptocurrency in addition to free ATM withdrawals. In comparison to the global average of 41%, Brazilian consumers claimed to have done at least one cryptocurrency transaction in the previous 12 months, according to a 2022 Mastercard survey quoted by Binance. After making a comparable announcement in in August 2022, also in collaboration with Mastercard, Binance introduced its card in Argentina.
