#Crypto Payments #Brazil #São Paulo #AEON #PIX QR

AEON Pay Brings Crypto Payments to Brazil with PIX QR Code Integration

AEON, a cutting-edge crypto payment platform, has announced a significant advancement in its service offerings by launching the Scan-to-Pay feature in Brazil. This groundbreaking integration allows Brazilians to pay for their purchases using cryptocurrencies simply by scanning merchants' PIX QR codes through the AEON Pay Web3 mobile application. This development marks a vital step in merging traditional payment methods with the emerging world of digital currencies.

The Future of Payments in Brazil

In a country where PIX has become the dominant form of payment, utilized by over 76% of the population, AEON Pay is capitalizing on this familiarity. In 2024, Brazilian consumers executed over 68 billion transactions via the PIX network, making it the cornerstone of financial operations in the nation. AEON now offers an innovative solution that seamlessly combines the convenience of crypto payments with the established PIX system, effectively creating a user experience that is both novel and recognizable.

This synergy allows consumers to shop at any business accepting PIX codes, effortlessly choosing their preferred cryptocurrencies from a variety of wallets, including their AEON wallet balance, or well-known platforms like Binance Wallet and KuCoin Pay. The ability to finalize transactions in Brazilian Real (BRL) adds an extra layer of convenience, positioning AEON Pay as an accessible option for crypto enthusiasts and everyday shoppers alike.

Lower Costs for Both Users and Merchants

Traditionally, converting cryptocurrencies into fiat currencies like BRL has been a complex and pricey process, often facilitated by debit card systems with significant fees. In contrast, AEON leverages PIX's framework, enabling transactions at an effective cost of roughly 0.8%, significantly less than traditional methods that can incur charges of up to 15%. This reduced transaction cost is an appealing benefit for both consumers and merchants, setting AEON Pay apart from other payment solutions in the market.

For merchants, AEON Pay is a game-changer. There is no requirement to manage cryptocurrency directly or invest in complicated point-of-sale (POS) hardware. All payments made through AEON are settled instantly in BRL, utilizing the reliable and low-cost nature of PIX transactions. Furthermore, AEON does not impose any fees on merchants for this service, allowing them to increase revenue potential without incurring additional costs.

AEON Recognized for Innovation

AEON's innovative contributions to the landscape of crypto payments have not gone unnoticed. Recently, the company was awarded recognition as one of the Most Valuable Builders (MVB) on the BNB Chain, underscoring its role as a frontrunner in incorporating cryptocurrency into everyday life. Unlike many crypto card programs that rely on POS solutions, AEON has established the largest crypto payment network utilizing QR codes and bank transfers, making it both scalable and efficient.

With its new Scan-to-Pay feature, AEON Pay expands its footprint across Latin America, already connecting more than 20 million merchants globally, including notable brands like McDonald's and Pizza Hut in Brazil. This marks only the latest phase in their mission to revolutionize payment systems by fully integrating cryptocurrencies into daily transactions.

Looking Ahead: AEON's Vision for Crypto

AEON envisions a future where crypto finance is accessible, intelligent, and global. Its AI-driven framework supports seamless transactions across various apps and platforms, allowing users to leverage the benefits of crypto finance effortlessly. Offering services like Web3 mobile payments that function at 10,000 retail outlets across Southeast Asia, Africa, and now Latin America, AEON is committed to making cryptocurrency an integral part of modern commerce.

In conclusion, AEON Pay's introduction of crypto Scan-to-Pay via PIX QR codes is a transformative step in Brazil's financial ecosystem, bridging the gap between traditional payment systems and the future of digital currency. AEON's vision for intelligent, borderless finance will likely continue to shape how individuals and merchants engage with crypto, fostering broader adoption in the years to come.