Binance has taken a major step toward advancing crypto utility in Brazil by integrating its payment solution, Binance Pay, with the nation’s widely used Pix system.
This integration allows users to instantly convert cryptocurrencies into Brazilian reais and conduct real-time payments to individuals or merchants throughout the country.
With the feature now live, Binance users in Brazil can transfer digital assets directly from their exchange accounts to any Pix-compatible bank account or business. More than 100 cryptocurrencies are supported, with each transaction automatically converted into BRL. This eliminates the need for prior asset conversion and simplifies the user experience with fast, seamless payments.
The development has drawn strong praise from Binance CEO Richard Teng, who described the integration as a “revolutionary step” that combines the speed and accessibility of Brazil’s real-time payment network with the global reach of crypto. He emphasized that this synergy enhances financial inclusion while making crypto transactions more practical and intuitive.
Guilherme Nazar, Binance’s regional vice president for Latin America, added that this marks the first time Binance Pay has been integrated into a national payment system anywhere in the world. He highlighted that the move aligns Binance’s global infrastructure with local financial habits, bringing crypto use into the daily lives of Brazilian consumers.
This breakthrough builds on the success of Pix, a payment system launched by Brazil’s Central Bank in 2020. Now used by more than 174 million people and processing nearly 6 billion monthly transactions, Pix has surpassed both cash and debit card usage in popularity.
Brazil’s Pix instant payment system launched in 2020 and now accounts for 40% of all payments in the country pic.twitter.com/syXUDHcQEI
— Ai Ron Stanley (@AaronWStanley) April 6, 2025
Central Bank data shows that 76.4% of Brazilians use the platform—underscoring the significance of Binance’s integration.
Meanwhile, Binance has also announced the upcoming listing of NEXPACE (NXPC), which will debut globally on the Binance Alpha platform and Binance Futures on May 15. Spot trading begins at 06:00 UTC, followed by the NXPCUSDT perpetual futures contract at 06:30 UTC. The contract will support leverage up to 50x and offer Multi-Assets Mode, allowing margin to be posted in assets such as BTC.
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