Binance has integrated its Binance Pay service with Brazil’s widely used Pix payments system, enabling crypto holders to make instant transactions in Brazilian reais. The new functionality allows Binance users to convert over 100 supported cryptocurrencies into local currency in real time, completing payments or transfers directly to bank accounts or merchants that accept Pix.
The integration marks a significant milestone in bringing digital assets into mainstream financial infrastructure in Brazil. Pix, developed and operated by the Central Bank of Brazil, is used by tens of millions of Brazilians and is renowned for its speed, simplicity, and 24/7 availability.
With this update, users can pay for goods and services or send money using crypto, with the value instantly converted and processed through the Pix network. Transactions are completed in seconds, combining the benefits of decentralized finance with the reliability of a government-backed payment system.
“Integrating Pix, a remarkable development by the government of Brazil, with Binance Pay marks a revolutionary step forward,” said Richard Teng, CEO of Binance. “It combines the speed and accessibility of Brazil’s instant payment system with the global reach and innovation of Binance.”
This move reinforces Binance’s commitment to expanding real-world crypto utility in key global markets and further strengthens its presence in Latin America’s largest economy.