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Coinbase Is Now Accepting Crypto Purchases In Brazilian Reals

Key Points:

Coinbase has integrated with the Brazilian instant payment system Pix.
Through a partnership with Ebanx, it is now easy to add and withdraw assets from the exchange account using reals.
The exchange said that its app is now completely accessible in Portuguese and offers 24-hour assistance.

US-based cryptocurrency exchange Coinbase said that it had integrated the Brazilian government’s payment system Pix and has begun accepting crypto purchases in Brazilian reals.

With a collaboration with Brazilian startup Ebanx, US-based crypto exchange Coinbase is creating a new platform for Brazilian users with dedicated Portuguese customer assistance and payments in reals.

Brazilian Coinbase customers may now deposit Brazilian reals to the bitcoin exchange using Pix, Brazil’s rapid payments system. Customers will be able to withdraw Brazilian reals in addition to purchasing local currencies.

The Coinbase app has been completely translated into Portuguese, and assistance is accessible 24 hours a day, seven days a week. In addition, the firm has simplified its registration procedure, making it even simpler to get started on the exchange.

Fabio Plein, Regional Director Americas, stated:

“With the integration of Pix and the enhancement of the Coinbase application, we are offering Brazilians a unique and personalized experience in the world of cryptocurrencies. We believe that these updates are fundamental to democratize access to the cryptoeconomy and boost the adoption of cryptocurrencies in Brazil.”

The debut in Brazil follows Coinbase’s eight-week international growth program, which began last week with the announcement of a collaboration with Standard Chartered for a localized platform in Singapore.

Coinbase has a history of promoting security and trusts in the cryptocurrency realm, as seen by its cooperation with Ebanx, Brazil’s payment solutions leader. The firm is dedicated to working with innovators to increase access to the cryptoeconomy and Web3, providing these advantages to more Brazilians.

The company plans to create a technology center in Brazil in 2021, where it will recruit more than 40 full-time engineers and, ultimately, a country director. After today, Coinbase customers in Brazil can only buy cryptocurrency using credit cards.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.