PANews reports on May 20th that according to the official announcement, Binance Pay has completed integration with Brazil's central bank instant payment system Pix, allowing users to directly exchange over 100 cryptocurrencies for Brazilian reals in real-time through the Binance APP for payment. Data shows that since its launch in 2020, the Pix system has become Brazil's most used payment tool, covering 76% of the country's population (approximately 174 million users), processing an average of 6 billion transactions per month.
