Coinbase has announced that it is expanding its presence in Brazil by integrating Pix and partnering with Ebanx. Coinbase already exists in Brazil, with several initiatives launched in the past. The development helps the venture better accomplish its mission of making the crypto economy accessible to everyone in Brazil.

The integration with Pix brings the capacity to empower users to top up and withdraw their accounts using Brazilian Reals. Pix is a payment platform that is managed by the Central Bank of Brazil. The bank is also credited with the creation of Pix. Coinbase will now use Brazilian Real, making it easier for customers to fuel their accounts.

Ebanx is a payment solution that has partnered with Coinbase. The latter has claimed in the announcement that the partnership truly reflects its priorities: safety and trust. 

Moreover, Ebanx and Coinbase will facilitate innovators in expanding the crypto economy while bringing their customers all the benefits of Web3.

(By Trevor Holman)