AEON, the next generation crypto payment framework, has officially introduced its new Scan-to-Pay feature in Brazil via its Web3 mobile payment solution AEON Pay.
Brazilian users can now simply scan merchants’ PIX QR codes and complete purchases with their crypto assets, and AEON automatically settles the payment to merchants in Brazilian Real (BRL) via PIX, the nation’s instant payment network.
This integration allows Brazilian users to shop and pay at any merchant that supports PIX QR codes. At checkout, they can select their preferred crypto and wallet, whether through direct crypto transfer, AEON wallet balance, or popular payment options like Binance Wallet, Bitget Wallet, KuCoin Pay, or Bybit Pay, making crypto payments as simple and familiar as using PIX.
Why This Matters?
PIX is Brazil’s dominant payment method, embraced by more than 76% of the population, and surpassing both cash and cards in popularity. In 2024 alone, it handled over 68 billion transactions, establishing itself as a core component of financial life in Brazil. With bringing in crypto payment via a local payment method, AEON offers a user experience that blends the power of crypto with the familiarity of local spending.
Traditional crypto-to-fiat payment rails often rely on card networks like Visa or Mastercard, which impose steep foreign exchange markups and fees, sometimes reaching 15%. In contrast, AEON Pay leverages PIX to deliver much lower-cost experiences, with effective transaction costs of around 0.8%, significantly reducing costs for users and merchants alike.
For merchants, AEON Pay unlocks access to crypto-powered payments with minimal complexity. With no need to manage volatile crypto holdings and integrate any hardware solution like a POS machine, AEON settles instantly into BRL with the benefits of PIX’s low cost and high reliability. In addition, AEON doesn’t charge merchants for this service, opening up revenue channels for local merchants at no cost.