Ripple teams up with Unicâmbio to facilitate near-instant Brazil-Portugal payments
Key Takeaways
Ripple has teamed up with Unicâmbio to allow immediate cross-border payments between Portugal and Brazil.
Unicâmbio’s company shoppers will profit from near-instantaneous settlement and decreased prices.
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Ripple stated Monday the agency is partnering with Unicâmbio, a number one monetary providers firm in Portugal, to allow immediate cross-border payments between Portugal and Brazil. As a part of the partnership, Unicâmbio will make the most of Ripple Payments to settle payments for his or her company clients.
Developed by Ripple Labs, Ripple Payments is a cost community geared toward revolutionizing worldwide cash transfers by offering real-time settlement, decrease prices, and elevated transparency.
The partnership marks the primary time Ripple’s cost answer is offered in Portugal, increasing their European attain.
“Portugal has developed a thriving crypto ecosystem so we are delighted to open up our payments solution to partners there,” stated Cassie Craddock, Managing Director, UK & Europe, at Ripple. “By connecting our payment networks in Portugal and Brazil we are facilitating faster, more cost-effective cross-border payments, while strengthening the economic bridge between these two major markets.”
According to Adriana Jerónimo, a board member at Unicâmbio, the partnership is predicted to make Portugal-Brazil transactions sooner and cheaper, in the end benefiting Unicâmbio’s clients.
“Portugal and Brazil share deep economic and cultural ties, with significant money flows between the two countries,” stated Jerónimo. “By leveraging blockchain expertise we’re remodeling cash motion between the 2 nations.
The strategic collaboration enhances Ripple’s present relationships with main Brazilian monetary establishments like Travelex Bank and Mercado Bitcoin.
In October 2024, Ripple inked a partnership with Brazilian trade Mercado Bitcoin to improve worldwide cost capabilities with a business-focused answer.
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