Binance has announced that it has launched Binance Pay in Brazil to simplify crypto payments for local merchants, according to the Binance Blog.

Since its initial launch in 2021, Binance Pay has over 12 million active users and has processed over $98 billion in payments to date. Binance Pay currently works in Brazil, Latin America, Argentina, Mexico and Colombia. Payment services in Brazil are provided by Latam Gateway, which works with the Central Bank of Brazil to ensure the processing of legitimate payment activities.