Binance announced that its customers in Brazil will be able to make payments using their cryptocurrency balances at millions of businesses through the Pix system. This development increases the usability of crypto in the country, allowing users to save and spend directly in crypto.
Binance Revolutionizes Crypto Payments in Brazil With Pix Integration
Binance has taken a step to increase the functionality offered to users in Brazil, positioning itself as a payments processor in the country. The exchange disclosed that it had integrated Pix payments in Binance Pay, allowing its users to pay across a network of millions of businesses.
The new feature will allow crypto users to make everyday payments with crypto directly to these businesses, with Pay handling the conversion from crypto to Brazilian reais seamlessly. The payment functionality targets crypto-centric users, who can use the over 100 cryptocurrencies supported directly to make everyday purchases, such as groceries or gas, and pay using Binance’s platform.
According to the Central Bank of Brazil, Pix has already positioned itself as the most used payment method in the country, even surpassing cash and other digital payments.
Binance CEO Richard Teng remarked on the relevance of this new integration for the local crypto community. He stated this “marks a revolutionary step forward, combining the speed and accessibility of Brazil’s instant payment system with the global reach and innovation of Binance.”
Guilherme Nazar, Binance’s regional vice president for Latin America, stressed this was a milestone for the exchange, marking the first integration of Binance Pay with a national payment system.
He declared:
This launch makes cryptocurrencies more accessible and usable in everyday life, and reflects Binance’s commitment to customizing its global products to meet the demands of our local users.
This achievement follows the approval of the purchase of Sim;paul Investimentos in January, a move that gave Binance the possibility to offer a new suite of products, including securities and stocks, directly to its customers.
Read more: Binance Reaches Milestone in Brazil, Becomes First Exchange With Securities Brokerage Capabilities
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Russia Intensifies Drive to Replace US Dollar in Global Trade
Russia accelerates the global de-dollarization drive with bold new push for national currencies and economic sovereignty in trade.
Russia Ramps up Exit From Dollar-Dominated Trade System
The global shift toward settling trade in national currencies instead of the U.S. dollar is gaining traction, with Russia positioning itself at the forefront of this movement. During the seventh Moscow Academic Economic Forum on June 2, Russian Foreign Minister Sergey Lavrov stressed the importance of creating independent mechanisms for foreign trade as a way to reinforce the country’s economic autonomy. He was quoted by Tass as saying:
The tasks of further strengthening of Russia’s economic and technological sovereignty, including through the creation of mechanisms for servicing foreign trade independent of external pressure, and the transfer of international settlements into national currencies, are coming to the fore now.
Lavrov argued that the international landscape—characterized by heightened sanctions and what he described as “persisting attempts by a number of Western countries to curb the development of our country”—necessitates urgent action to build a resilient economic model. He called for a unified effort among government bodies, the business sector, academia, and civil society to support this transformation. According to Lavrov, such coordinated engagement is essential to establishing what he called a more just, multipolar economic architecture, in contrast to the Western-dominated global order.
The remarks follow a rising global interest in alternatives to the dollar for cross-border transactions, driven by efforts to reduce the impact of sanctions and reliance on centralized financial systems. Major economic groups such as BRICS, the Shanghai Cooperation Organization, and ASEAN are pursuing these alternatives. In Russia, this movement includes growing interest in decentralized technologies like blockchain and digital assets. Advocates say tools such as Bitcoin could support national economies by facilitating transactions outside conventional financial networks, contributing to de-dollarization and economic autonomy.
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