Ripple
October 4, 2024
Ripple Unicorn News - October 05, 2024
Ripple has partnered with Mercado Bitcoin to launch a new crypto-powered payment solution in Brazil, aiming to transform cross-border transactions. The system promises fast, secure, and cost-effective global payments.
() Introduction
() Ripple Expands in Brazil with New Crypto-Powered Payments Solution
Ripple has launched its Ripple Payments service in Brazil on October 3, 2024, in partnership with Mercado Bitcoin, the largest cryptocurrency exchange in Latin America. This innovative blockchain-powered solution is designed to transform cross-border payments by offering a platform that facilitates fast, cost-effective, and secure international transactions. Ripple Payments allows businesses to transfer funds globally 24/7, with transactions settling within minutes, which is a significant advancement for international business operations. Mercado Bitcoin, as Ripple's first customer in Brazil, plans to utilize this system to improve treasury operations between Brazil and Portugal. The system simplifies the payment process by enabling transactions in Brazilian Reais through non-resident accounts, providing a seamless user experience. Furthermore, Ripple Payments offers a secure infrastructure, streamlined onboarding, and access to over 80 payout markets worldwide through a single integration, making it an attractive solution for companies aiming to expand their international payment services. This launch is poised to set a new benchmark for financial transactions in the global market.
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