{"id":372223,"date":"2023-01-30T12:35:36","date_gmt":"2023-01-30T17:35:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=372223"},"modified":"2023-01-30T12:35:36","modified_gmt":"2023-01-30T17:35:36","slug":"growth-in-crypto-interest-in-this-south-american-country-leads-to-binance-mastercard-tie-up","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/growth-in-crypto-interest-in-this-south-american-country-leads-to-binance-mastercard-tie-up","title":{"rendered":"Growth in Crypto Interest In This South American Country Leads To Binance Mastercard Tie-Up"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone size-full wp-image-372228\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/prepaid-crypto-card-mastercard.jpeg\" alt=\"prepaid crypto card, mastercard bitcion logos\" width=\"1840\" height=\"1228\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/prepaid-crypto-card-mastercard.jpeg 1840w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/prepaid-crypto-card-mastercard-300x200.jpeg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/prepaid-crypto-card-mastercard-1024x683.jpeg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/prepaid-crypto-card-mastercard-768x513.jpeg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/01\/prepaid-crypto-card-mastercard-1536x1025.jpeg 1536w\" sizes=\"(max-width: 1840px) 100vw, 1840px\" \/><\/p>\n<p>Binance and Mastercard are uniting once again to present a new offering in Brazil: a Binance-branded prepaid crypto card. The move comes as crypto popularity swells in Latin America, with citizens grappling with <a href=\"https:\/\/www.ctpost.com\/news\/article\/brazil-s-economic-challenges-are-again-lula-s-to-17750981.php\">high inflation and capital restrictions<\/a>.<\/p>\n<p>The launch of the Binance prepaid crypto card in Brazil builds on the success of its counterpart in Argentina, launched by Binance and Mastercard last year.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LIVE: <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> partners with <a href=\"https:\/\/twitter.com\/Mastercard?ref_src=twsrc%5Etfw\">@Mastercard<\/a> to launch crypto card in Brazil, a closer look at the divide over Bitcoin NFTs and more.<\/p>\n<p>Watch &quot;The Hash&quot; on <a href=\"https:\/\/t.co\/yHMYaDz7D6\">https:\/\/t.co\/yHMYaDz7D6<\/a>: <a href=\"https:\/\/t.co\/UCYyvaySxl\">https:\/\/t.co\/UCYyvaySxl<\/a><\/p>\n<p>&mdash; CoinDesk (@CoinDesk) <a href=\"https:\/\/twitter.com\/CoinDesk\/status\/1620107473960189953?ref_src=twsrc%5Etfw\">January 30, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Binance prepaid crypto card is designed to provide Binance users with a convenient way to manage and spend their cryptocurrency holdings. Users with a valid national identification will have the ability to make purchases and <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/debit-card\">pay bills with their crypto assets<\/a>.<\/p>\n<p>The card is issued by Dock and is currently in beta testing, with plans for a widespread release in the coming weeks. This highlights Binance&#8217;s continued efforts to evolve and improve the connection between <a href=\"https:\/\/insidebitcoins.com\/news\/silicon-valleys-dearest-bank-in-major-trouble-silvergate\">traditional financial services<\/a> and the rapidly growing crypto industry.<\/p>\n<h2>Crypto Use Increases in Latin America with Multiple Prepaid Crypto Cards<\/h2>\n<p>Latin America is increasingly becoming a hub for cryptocurrency activity, as its citizens turn to digital assets as a hedge against high inflation and restrictions on capital. In 2022, the region was the seventh largest cryptocurrency market in the Chainalysis index, with <a href=\"https:\/\/blog.chainalysis.com\/reports\/latin-america-cryptocurrency-geography-report-2022-preview\/\">crypto transactions totaling $562 billion<\/a> from 2021 to 2022, representing a 40% increase.<\/p>\n<p>https:\/\/twitter.com\/cz_binance\/status\/1620079821505327104<\/p>\n<p>This growing interest in <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-january-30-btc-price-rebounds-to-reach-23-9k\">Bitcoin<\/a> and other cryptocurrencies can be seen in countries such as Argentina, where inflation reached nearly 100% in 2022. Beyond being a hedge against inflation, cryptocurrencies are also used for remittances between countries to bypass increasingly tight capital controls and reduce transfer fees.<\/p>\n<p>Binance has taken notice of this trend and is clearly committing to investing in new services and contributing to the development of the blockchain and crypto ecosystem in Brazil.<\/p>\n<p>\u201cBrazil is an extremely relevant market for Binance, and we will continue to invest in new services for local users, as well as contributing to the development of the blockchain and crypto ecosystem in the country,&#8221; said Binance&#8217;s general manager for Brazil, Guilherme Nazar.<\/p>\n<p>Binance has said it also has plans to expand the Binance prepaid crypto card into new markets in the future. Meanwhile, other crypto exchanges have also entered the prepaid crypto card market and are looking to expand globally, including Blockchain.com and Crypto.com. FTX also planned to roll out a Visa debit card across more than 40 countries before filing for Chapter 11 bankruptcy protection.<\/p>\n<h3>Related:<\/h3>\n<p><a class=\"article-header-title\" href=\"https:\/\/insidebitcoins.com\/news\/ripple-brings-in-new-president-in-time-for-final-judgment\" rel=\"bookmark\">Ripple Brings In New President In Time For Final Judgment<\/a><\/p>\n<p><a class=\"article-header-title\" href=\"https:\/\/insidebitcoins.com\/news\/release-of-a-roadmap-by-the-white-house-to-reduce-crypto-risks\" rel=\"bookmark\">Release of a Roadmap by the White House to Reduce Crypto Risks<\/a><\/p>\n<p><a class=\"article-header-title\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-january-30-btc-price-rebounds-to-reach-23-9k\" rel=\"bookmark\">Bitcoin Price Prediction for Today, January 30: BTC Price Rebounds To Reach $23.9K<\/a><\/p>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Binance and Mastercard are uniting once again to present a new offering in Brazil: a Binance-branded prepaid crypto card. The move comes as crypto popularity <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/growth-in-crypto-interest-in-this-south-american-country-leads-to-binance-mastercard-tie-up\" title=\"Growth in Crypto Interest In This South American Country Leads To Binance Mastercard Tie-Up\">[&#8230;]<\/a><\/div>","protected":false},"author":1896,"featured_media":372228,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[7612,13600,13599,5342,13601,13598],"class_list":["post-372223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-binance","tag-binance-mastercard","tag-crypto-credit-cards","tag-mastercard","tag-mastercard-crypto","tag-prepaid-crypto-card"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Growth in Crypto Interest In This South American Country Leads To Binance Mastercard Tie-Up - 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