Binance has introduced Binance Pay in Brazil. According to the recent announcement, Binance customers can now make crypto payments at partner businesses. Binance Pay is a crypto payment method that supports over 70 cryptocurrencies, including BTC, ETH, and USDT. Users can make payments without any fees, while businesses can accept payments using a secure solution that transfers funds from wallet to wallet within seconds. Brazilian businesses can receive payments in Brazilian Real or directly in crypto to their wallets.

According to a Deloitte survey, about three-quarters of consumer businesses in the US plan to accept crypto payments by the end of 2023, and 87% agree that it will give them a competitive advantage.

Binance Pay has reached over 12 million active users since its initial launch in 2021 and has processed payment volumes exceeding $98 billion to date.