Does Brazil use Coinbase?|U.S.-based crypto exchange Coinbase (COIN) has integrated the Brazilian government's payment system Pix and started allowing crypto purchases with Brazilian reals, the company said Tuesday.
Could you please elaborate on the following matter? It's been reported that the American cryptocurrency exchange, Coinbase (COIN), has integrated the Brazilian government's payment system Pix and has commenced facilitating the purchase of cryptocurrencies using Brazilian reals. Does this mean that Brazil is actively utilizing Coinbase for its crypto transactions? If so, how significant is this integration in terms of Brazil's crypto adoption and what are the potential implications for both Coinbase and the Brazilian crypto market?