Ripple Enhances Cross-Border Payments in Brazil with Innovative New Solution
Ripple is expanding its digital payments service in Brazil by partnering with Mercado Bitcoin, the largest cryptocurrency exchange in Latin America, to facilitate faster and cheaper cross-border transactions.
The newly launched Ripple Payments solution will enhance treasury operations between Brazil and Portugal and eventually support international payments for corporate and retail users. By utilizing advanced blockchain technology, the service allows businesses to move funds globally 24/7 and settle payments in minutes.
Key features include the ability to make payments directly in reais and access to over 80 payout markets worldwide. Ripple aims to simplify cross-border transactions and optimize liquidity, marking Brazil as a strategic market for its growth in Latin America.
Clever Robot News Desk 6th October 2024
