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Binance Pay integrates with Pix, enabling instant crypto-powered payments in Brazilian Reais across Brazil

  • On May 20, 2025, Binance integrated its payment system Binance Pay with Brazil's Pix network, enabling instant crypto payments nationwide.
  • This integration followed Pix's 2020 launch by Brazil's Central Bank, which rapidly gained over 174 million users familiar with instant payments.
  • The combined system allows Binance users to transfer cryptocurrencies converted instantly to Brazilian reais for payments to any Pix-enabled account or merchant.
  • Binance CEO Richard Teng called it a "revolutionary step forward," blending Pix’s speed with Binance’s global innovation to boost crypto accessibility.
  • This milestone, the first global integration of Binance Pay with a national payment system, aims to increase cryptocurrency adoption and financial inclusion in Brazil.
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Binance Pay integrates with Pix, enabling instant crypto-powered payments in Brazilian Reais across Brazil

Functionality already familiar to 174 million Brazilians increases usability and can boost the adoption of cryptocurrencies in the country, says Regional VP Guilherme Nazar

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InvestingCube broke the news in on Tuesday, May 20, 2025.
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