Credit card adoption is increasing in Brazil, with more Latin American users buying and spending tokens. Brazilians are using crypto to pay in stores, including for everyday purchases like bread and taxi fares.

Binance's Brazilian head stated that cards like the Binance Card are bringing cryptocurrencies into users' daily lives, and that the card is helping the exchange meet the demands of its local users. In addition to Brazil, a significant number of users in Argentina are also using crypto to pay in supermarkets, cafes, and restaurants. Traditional finance firms and crypto exchanges are offering crypto cards in the region, with Visa unveiling several crypto cards in LATAM last year.