Ripple, a prominent blockchain-based payment and digital asset network, is excited to announce its strategic partnership with Unicâmbio. The other partner, Unicâmbio, is the leading cryptocurrency exchange and remittance provider in Portugal. This partnership aims to provide instant cross-border transactions between Portugal and Brazil. The alliance is further introduced as the first venture of Ripple ($XRP) into the Portuguese market. It strives to provide Europe’s most dynamic financial hubs with crypto-enabled payment solutions.
Unicâmbio’s corporate customers utilize Ripple payments to make their transactions between two nations in minutes. This advancement removes the barriers of high costs and delays linked with traditional methods.
Ripple and Unicâmbio to Revolutionize Portugal-Brazil Payments
Portugal and Brazil’s economic and cultural associations have much significance along with financial exchanges. The partnership between Ripple and Unicâmbio aims to ensure the connections with their blockchain-based efficiency. Ripple payments leverage digital assets to maximize transactions along with near-instant settlements with reduced cost.
This advanced step emerges as a game-changer to enable fast, secure, and cost-effective transactions for individuals and businesses alike. Managing Director of Ripple UK and Europe, Cassie Craddock, gives importance to this advanced step by stating,
“Our partnership with Unicâmbio is a significant milestone in Ripple’s European expansion. Portugal has developed a thriving crypto ecosystem so we are delighted to open up our payments solution to partners there. 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.”
“Ripple has over a decade of experience of tokenizing real-world assets, starting with bringing fiat currencies onchain to seamlessly send money across borders. As the global cross-border payments market continues to expand, more institutions like Unicâmbio are leaning in to benefit from the inherent benefits of blockchain technology.”
Enhancing the Global Payment Infrastructure of Ripple
In Latin America, the footprints of Ripple are of much significance. There, the network joins forces with industry leaders such as Travelex Bank and Mercado Bitcoin. Ripple showcases its presence in over 90 payout markets, managing transactions of $70 billion. With these achievements, Ripple aims to boost advancement in the global payments industry.
Ripple possesses an advanced digital asset infrastructure and regulatory expertise. In this way, the network strives to revolutionize the tokenization, storage, and movement of digital assets by financial institutions. Ripple’s collaboration with Unicâmbio is just a start that represents a new era of cross-border payments in Europe and around it.
