PANews reported on May 20 that according to an official announcement, Binance Pay announced the completion of its integration with the Brazilian Central Bank's instant payment system Pix. Users can directly exchange more than 100 cryptocurrencies held by them into Brazilian reals for payment in real time through the Binance APP. Data shows that since its launch in 2020, the Pix system has become the most used payment tool in Brazil, covering 76% of the country's population (about 174 million users) and processing an average of 6 billion transactions per month.