"AEON Turns Crypto Into Cash With PIX Magic for Brazil"

AEON Pay, a Web3 mobile payment solution, has launched its crypto payment feature in Brazil by integrating with PIX, the country's national instant payment network. The new Scan-to-Pay functionality allows users to make everyday purchases using cryptocurrencies by scanning PIX QR codes at participating merchants. AEON automatically converts the selected cryptocurrency into Brazilian Real (BRL) and processes the transaction instantly through PIX, simplifying the integration of digital assets into daily financial activities [1].

PIX, which is already deeply embedded in Brazil's financial landscape, is used by over 76% of the population and processed more than 68 billion transactions in 2024—surpassing traditional cash and card payment volumes. This strategic integration positions AEON Pay as a bridge between the growing demand for crypto and established consumer behavior, making the adoption of digital currencies more intuitive and accessible for a broad demographic [1].

The solution supports a variety of digital wallets, including AEON's own platform and popular options such as Binance Wallet, Bitget Wallet, KuCoin Pay, and Bybit Pay. This flexibility enables users to transact using either custodial exchange wallets or Web3 personal wallets, depending on their preference. Unlike traditional crypto payment systems that rely on card networks like Visa or Mastercard, AEON Pay operates at a much lower cost. With transaction fees as low as 0.8%, the platform significantly reduces the burden of high foreign exchange charges, which can reach up to 15% on other platforms. This cost efficiency benefits both consumers and merchants, offering a more affordable alternative to conventional payment methods [2].

Merchants, particularly small and medium-sized businesses, benefit from AEON Pay's ease of use and cost structure. There is no requirement to invest in additional hardware such as POS machines, and payments are instantly converted to BRL and settled via PIX. Importantly, AEON does not charge merchants a commission for these transactions, making it an attractive option for those looking to expand their payment options without incurring additional costs [3].

AEON Pay’s entry into Brazil is part of a broader expansion strategy, with the platform already operating in countries like Vietnam, the Philippines, Nigeria, and Mexico. It powers Web3 payments for more than 20 million merchants and 10,000+ global brands, including well-known names such as McDonald's, UNIQLO, and Pizza Hut. By introducing its services in Brazil, AEON strengthens its presence in Latin America, a region witnessing rapid growth in crypto adoption. The company was recently recognized by BNB Chain as one of its Most Valuable Builders (MVB), underscoring its influence in the crypto and Web3 space [1].

AEON's approach to crypto payments diverges from traditional models by leveraging QR codes and bank transfers rather than card-based infrastructure. This not only reduces complexity but also enhances scalability, allowing the platform to integrate seamlessly with existing financial systems. As digital assets continue to gain traction globally, AEON Pay’s integration with PIX represents a strategic move to mainstream crypto usage by aligning it with a widely adopted local payment method. The initiative is expected to play a key role in shaping the future of digital finance in Brazil and beyond [3].

Source: [1] AEON Pay Brings Crypto Payments to Brazil Through PIX Integration (https://www.livebitcoinnews.com/aeon-pay-brings-crypto-payments-to-brazil-through-pix-integration/) [2] AEON Introduces Scan-to-Pay in Brazil to Enable Crypto (https://fintechnews.am/fintech-brazil/54915/aeon-scan-to-pay-brazil-crypto-pix/) [3] AEON Pay Launches Crypto Scan-to-Pay with PIX QR Code in Brazil (https://www.prnewswire.com/news-releases/aeon-pay-launches-crypto-scan-to-pay-with-pix-qr-code-in-brazil-302545391.html)