Aeon Pay Launches Crypto Scan-to-Pay with Pix QR Code in Brazil

Aeon now enables Brazilian users to pay with cryptocurrency assets while merchants receive Brazilian Real via the nation’s instant payment network, Pix.

The capability is powered by the company’s new Scan-to-Pay feature that it added to its Web3 mobile payment solution, Aeon Pay in Brazil, according to a Wednesday (Sept. 3) press release.

The integration allows Brazilian users to pay at any merchant that supports Pix QR codes, according to the release.

to use the payment method, users scan the merchant’s Pix QR code and select a crypto and wallet, the release said.Aeon automatically settles the payment to the merchant in Brazilian Real via Pix.For merchants, Aeon Pay provides access to crypto-powered payments with no need to manage crypto holdings or integrate a hardware solution, per the release. Plus, by using Pix, the solution delivers this experience with effective transaction costs of around 0.8%.The new integration joins the Web3 payments Aeon Pay enables.