Ripple has expanded his presence in Europe through a partnership with Unicâmbio, a Portuguese crypto exchange.
This partnership has been established to streamline cross-border payments between Portugal and Brazil with the help of Ripple payments, according to a 10 February rack.
Cross -border payments
The company said that this step is an important step in its broader strategy to improve financial connectivity between the two countries. Through Ripple payments, the business customers of Unicâmbio can transfer funds quickly and efficiently, reducing the processing delays and operational friction.
By using Ripple’s blockchain solution, Unicâmbio users get access to near-instant settlements, so that inefficiencies are found in traditional payment networks. This step is part of Ripple’s dedication to optimize global transfers using digital assets and blockchain technology.
Ripple has already established a strong presence in Brazil through collaborations with financial companies such as Travelex Bank and Mercado Bitcoin. Since 2022, Travelex has been using Ripple’s payment network, while Mercado Bitcoin, the greatest crypto exchange in Latin -America, integrated its solutions at the end of 2024.
Cassie Craddock, director of Ripple for the UK and Europe, said that the Unicmbio partnership is an important milestone in the European expansion of the company. She emphasized that the integration will improve the growing Crypto ecosystem of Portugal and at the same time demonstrate the expertise of the company in the tokenization of real-world assets.
Craddock added on X:
“This is the very first Ripple payments in Portugal and brings immediate cross-border payments to the Portugal-Brazil corridor. The flowering crypto ecosystem from Portugal makes it the perfect next step for Ripple in Europe. “
Unicâmbio board member Adriana Jerónimo emphasized the broader impact of the partnership and described it as an extension of the economic and cultural ties between the two nations.
Jeronimo said:
“By using blockchain technology, we transform money movement between the two countries. Ripple’s crypto-enabled payment solution makes a near-instructive settlement possible and drastically reduces the costs compared to traditional payment channels, so that our customers deliver real value. “
With the latter expansion, RIPPEP payments are now active in more than 90 payment markets, with more than 90% of the daily exchange courses, which amount to more than $ 70 billion in volume.
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