Mastercard, Binance launching prepaid card in Brazil


FILE PHOTO Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10 2022. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

SAO PAULO (Reuters) - Mastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America's largest economy, as part of the crypto giant's efforts to "broaden the connection between traditional finance and crypto".

According to a statement, the so-called Binance Card is currently in beta testing and should be widely available in the next few weeks, making Brazil the second country in Latin America to receive it after Argentina.

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