Argentinians visit Brazil each year for various reasons such as work, tourism, and family travel. Now, paying in Brazil reportedly became more accessible, because of a new Binance Pay integration that enables Argentinians to use Pix with crypto. As covered, Pix is Brazil’s national instant-payment network and “one of the most widely adopted digital payment systems in the world.”
Beginning now, any Argentinian traveling in Brazil can use Binance Pay to send funds or “complete merchant payments in Brazilian reais.”
This update advances their mission to “expand real-world crypto adoption and make digital assets as easy to use as cash or cards – especially across borders, where traditional financial systems fall short.”
With this integration, Argentinian users can “make real-time payments directly from their Binance exchange accounts.”
Choose Binance Pay, select Pix, pick the crypto you “want to spend, and the amount is instantly converted into Brazilian reais (BRL).”
Whether you’re paying a restaurant or sending funds to a friend in Brazil, Binance Pay connects to “any Pix-enabled merchant and any bank account in Brazil – millions of individuals and businesses using Pix every day.”
Users can choose from 10o+ cryptocurrencies, and the conversion “to BRL is handled automatically via a regulated local partner at the market exchange rate.” This eliminates pre-conversion, “manual swaps, and the need for cash.”
Guilherme Nazar, Binance’s Regional Vice President for Latin America, noted that expanding the reach of the Pix integration with Binance Pay represents a new “step in innovation, combining the speed and accessibility of Brazil’s instant payment system with Binance’s global reach and innovation.”
This synergy continues to extend crypto’s reach beyond borders, reducing complications and further enhancing the crypto experience.”
Pix has become an “integral part of daily life in Brazil.”
Since its launch by the Central Bank back in 2020, it has grown at “a pace few payment systems in the world can match.”
More than 162 million Brazilians and “over 16 million merchants use Pix, with about 6 billion transactions processed every month.”
Pix has now surpassed the use of debit cards (69.1%) and even cash (68.9%).
According to the Central Bank’s “Brazilians and Their Relationship with Money” survey, the majority or “76.4% of Brazil’s population already relies on Pix for daily payments.”
By connecting crypto directly to theserails for Brazilians and for Argentinians traveling to Brazil too, they’re “making digital assets useful and accessible.”
This update addresses “a need in the region.”
According to Embratur, 2.65 million Argentinians traveled to Brazil between January and August of this year, a “94% increase compared to the same period last year.”
Now, instead of relying on cash exchanges, “foreign-issued cards, or expensive transfers, these travelers can use crypto for all their local expenses.”
Andrés Ondarra, General Manager of Binance for Argentina and the Southern Cone, emphasized that paying with cryptocurrencies beyond borders and local currencies represents “a leap toward true financial freedom: it offers speed, security, and flexibility to use your digital assets without fees or complications.”
At Binance, they continue working to develop products that meet the needs of businesses and individuals, “offering more efficient solutions for all types of users, such as the recent QR payment feature announced just weeks ago in Argentina.”
This Pix integration is part of a trend they are “driving across Latin America: helping people use digital assets in practical ways as they travel, shop, or manage daily finances.”
As digital payments evolve across Latin America, they continue “to work hard building bridges between crypto and the real world.”
Brazil’s Pix system has set a standard for digital payments.
By integrating Binance Pay with Pix for travelers from Argentina, they’re connecting “two dynamic ecosystems to.”
Payment operations are managed by a local partner, ensuring “compliance and a smooth user experience.”