Crypto exchange Binance and payments provider Mastercard are teaming up once again, this time to launch a prepaid Binance card in Brazil.

The card will enable Binance users with valid national identification to make purchases and pay bills with cryptocurrencies, according to a company release.

"The prepaid card is part of the ongoing efforts toward evolving the bridge between existing financial services and the growing crypto ecosystem," Binance said.

The card is issued by Dock and is in beta testing with plans for it to be widely released in the coming weeks.