Ripple partners with Mercado Bitcoin to boost cross-border payments in Brazil

Ripple partners with Mercado Bitcoin to boost cross-border payments in Brazil
фото показано с : cryptoslate.com

2024-10-3 20:22

Ripple has partnered with Mercado Bitcoin, the largest crypto exchange in Latin America, to enhance cross-border payments in Brazil using its end-to-end payments solution that leverages blockchain technology, per an Oct. 3 statement.

Mercado Bitcoin will be the first client in Brazil to adopt Ripple’s payment system to streamline treasury operations between Brazil and Portugal. However, Ripple clarified that the service will not be available to general customers.

Unavailable to customers for now

The initial phase will focus on institutional transactions between Mercado Bitcoin and its Portuguese counterpart. In the future, Ripple plans to extend its solution to corporate and retail users while allowing transactions in Brazilian Reais.

Silvio Pegado, Ripple’s Managing Director for Latin America, noted that Ripple Payments offers features that benefit crypto businesses. These include improved operations, optimized liquidity, and enhanced margins through real-time settlement.

Jordan Abud, Head of Banking at Mercado Bitcoin, emphasized that the partnership will simplify international transfers and support the exchange’s goal of expanding its services globally. Abud added:

“The possibility of facilitating this type of operation, offering lower costs and making the platform even more complete shows our commitment to customers, while expanding the portfolio of products we offer today.”

Ripple Payments boasts near-global coverage, reaching over 80 payout markets and covering more than 90% of daily FX markets. With over $50 billion in processed volume, the company holds roughly 55 regulatory licenses and registrations worldwide.

Brazil’s growing importance

Ripple said Brazil has become an important and growing player in the crypto market due to its progressive stance toward regulation and broad adoption among locals. Notably, Chainalysis recently ranked Brazil among the top 10 countries in its Global Adoption Index for 2024.

Ripple’s presence in Brazil dates back to 2019, and in 2022, the company launched its first crypto-based payment solution with Travelex Bank.

Meanwhile, the expansion in Latin America comes as the US Securities and Exchange Commission (SEC) filed a notice to appeal the court ruling favoring Ripple in its case against the firm. Ripple CEO Brad Garlinghouse described the regulator’s move as “misguided and infuriating.”

The post Ripple partners with Mercado Bitcoin to boost cross-border payments in Brazil appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69960.55 (-0.14%)
Объем 24H $45.152b
Изменеия 24h: 3.04 %, 7d: -4.00 %
Cегодня L: $66916.68 - H: $70339.13
Капитализация $1383.691b Rank 1
Цена в час новости $ 60754.74 (15.15%)

payments ripple cross-border brazil bitcoin mercado solution

Источник: cryptoslate.com

payments ripple → Результатов: 126


Cambridge Global Payments partners with Ripple to ‘improve’ cross-border payments 

Cross-border payments solutions firm, Cambridge Global Payments today announced its partnership with crypto payments network Ripple, and that it would use RippleNet to expand its payment delivery systThe post Cambridge Global Payments partners with Ripple to ‘improve’ cross-border payments  appeared first on AMBCrypto.

2020-10-14 20:00


Netcoins Lists Ripple’s XRP Coin Allowing 21,000 Locations to Accept Payments

After a difficult week in the virtual currency world, XRP had arranged some important partnerships to keep increasing its presence in the market. On August 13, 2018 Mark Binss, CEO of Netcoins, an important Virtual Bitcoin ATM provider for retail stores, informed that they listed XRP on their trading platform. That means that individuals from […]

2018-8-14 01:13


Фото:

Learn How RippleNet Has Transformed The Lives Of Workers In Japan

Learn how SBI Remit and Siam Commercial Bank partnered on RippleNet to deliver better remittance services and lower fees for Thai workers living in Japan. https://t. co/S2y43ZOKZ0 — Ripple (@Ripple) 3 August 2018 In partnership with SBI Holdings, via the RippleNet solution, remittance payments to Thai workers within Japan have been totally reformed, creating a faster and more accurate payment service that is proving to be very beneficial to those workers within Japan who are benefitting from the technology.

2018-8-6 13:00


Фото:

Indian Bank Set to Adopt Ripple for Cross-Border Payments

While India remains a no-go area for bitcoin and other cryptocurrencies, Ripple Labs, the developer of  XRP, is busy making inroads into the Asian nation, as per a report on August 2, 2018. Ripples Everywhere According to an FXStreet, the State Bank of India (SBI), the country’s institutional banking authority, is set to start facilitating instantaneous cross-border payment solutions with Ripple.

2018-8-4 14:00


Фото:

‘I Did Not Have Monetary Relations’: Bill Clinton Ripple Hook-Up Causes Ridicule

Ripple is facing a fresh publicity rollercoaster this week after the company announced former US president Bill Clinton would give the keynote speech at its upcoming Swell conference. Ripple: Clinton ‘Helped Shape Internet’ Swell, Ripple’s own conference which aims to connect “the world’s leaders in policy, payments and technology,” will run in San Francisco October 1 – 2.

2018-8-1 15:00


President Bill Clinton Keynotes Swell 2018

Today, we’re thrilled to announce 42nd President of the United States Bill Clinton as the keynote speaker for Swell – where the world’s leaders in policy, payments and technology connect. At a time when groundbreaking technology and regulation were often on a collision course, President Clinton helped usher in a period of extreme growth and … Continued The post President Bill Clinton Keynotes Swell 2018 appeared first on Ripple.

2018-7-31 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

21Shares files S-1 application for an XRP ETF

Asset management company 21Shares has joined the list of firms that have filed applications with the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On Nov.