Binance Payments integrates with the Brazilian Central Bank’s Pix system to enable instant cryptocurrency exchange and payment​

Mars Finance News: According to financefeeds, Binance has announced that its payment service, Binance Pay, has officially integrated with Pix, the instant payment system developed by the Brazilian Central Bank. Through this integration, Brazil's 174 million Pix users can directly use over 100 cryptocurrencies for real-time exchange and payment, with transaction speeds consistent with the native Pix payment system. Data shows that currently, cryptocurrency holders account for 17.5% of Brazil's total population, with 42% of investors holding digital assets. Since its launch in 2020, the Pix system has exceeded 6 billion monthly transactions, becoming Brazil's mainstream payment method, surpassing cash and debit cards. Binance states that this is the first direct connection between a global cryptocurrency platform and a national payment system.