AEON, a next-generation framework for crypto payments, is excited to announce the launch of its Scan-to-Pay feature in Brazil. The platform leverages AEON Pay, its Web3 mobile solution, for this launch. This initiative aims to encourage Brazilian shoppers to scan PIX QR codes and use their crypto assets at millions of merchants. In this way, AEON creates a link between the country’s widely used payment system and digital assets.
AEON leverages PIX to automatically settle payments in Brazilian Real (BRL) at the time of checkout. By doing this, the platform strives to make a simpler and easier process of transactions like the local ones. The platform has announced this advancement through its official X (formerly Twitter) account.
The Integration of PIX into Crypto Brings a New Payment Revolution
Brazil’s dominant payment method, PIX, has been embraced by more than 76% of the total population, going beyond cash and cards. In 2024, PIX solidified its reputation as the backbone of Brazil’s payment ecosystem by accomplishing over 68 billion transactions. AEON infuses PIX crypto to provide users with a new level of accessibility.
AEON allows users to choose crypto and wallet of their own choice, making effortless Web3 experiences from everyday shopping. The users can directly transfer their payments with AEON balance or utilize renowned payment partners such as Binance Wallet, Bitget Wallet, KuCoin Pay, or Bybit Pay.
AEON Pay Cuts Fees and Boosts Instant Settlements
AEON’s approach is cost-efficient, making it a standout payment solution. Traditional crypto-to-fiat payment rails require up to 15% fees, relying on Mastercard or Visa. On the contrary, AEON Pay leverages PIX to mitigate the transaction costs by around 0.8%.
Consumers and merchants benefit from this, receiving BRL settlements instantly. They are free from managing crypto volatility, as well as investing in hardware such as POS machines. Moreover, AEON does not charge anything to merchants for this service, creating a zero-cost revenue stream.
Recently, AEON has been ranked among the Most Valuable Builders (MVB) of the BNB Chain. The platform’s contribution to real-world crypto adoption has given it worldwide recognition. AEON Pay actively holds operations across the Philippines, Vietnam, Nigeria, Mexico, and Brazil now.
The platform has empowered crypto payments effortlessly, boasting more than 20 million merchants and 10,000+ brands worldwide. The brands such as McDonald’s, Pizza Hut, and UNIQLO are also included in the list.
Source: https://blockchainreporter.net/aeon-pay-introduces-crypto-shopping-to-brazil-bridging-crypto-scan-to-pay-with-pix/
