Ripple Labs, the US -based leading Blockchain payment company, announced that it has established a major partnership with the Portuguese crypto currency exchange Unicâmbio. This move aims to simplify and accelerate cross -border payments between Portugal and Brazil using Ripple Payments. Ripple could not be in a better time with the increase in the use of crypto in Europe and the shaping of regulatory frames such as Mica.
Ripple strengthens its global access: has established a partnership with Unicâmbi!
Ripple Payments are currently operating in more than 80 payment markets. It also covers more than 90 %of the global foreign exchange (FX) market. This new partnership will help Ripple expand its existence in Europe, especially while implementing regulations of regional crypto asset markets (Mica). Ripple’s United Kingdom and European General Manager Cassie Craddock made the following statement on the subject:
Our partnership with Unicâbbio is an important milestone in the European opening of Ripple. Portugal has developed a developing crypto ecosystem, so we are pleased to open our payment solution to our partners there.
Utilization of strong ties in Latin America
Over the years, Ripple has established significant partnerships with financial institutions that want to integrate into Blockchain payment systems. The company has largely focused on the US-Latin American payment corridor. Now, to support the transactions between Portugal and Brazil, he will improve his current partnerships in Brazil, including Travelex Bank and Mercado Bitcoin. Unicâmbio Executive Committee Member Adriana Jerónimo said:
By using Blockchain technology, we transform the money movement between the two countries. Ripple’s crypto -supported payment solution enables almost instant payment and offers real value to our customers by reducing costs to a great extent compared to traditional payment channels.
The effect of the partnership on XRP and Rlusd
According to experts, the strategic partnership between Ripple and Unicâmbio will significantly strengthen the adoption of XRP and the recently rewarded money -supported Stablecoin Rlusd as the main current. Moreover, Ripple Payments benefits from XRPL Blockchain, which has been tested over time, including XRP fee payment.
Ultimately, the XRP price will have a good position to rise in the long run. In addition, the increase in regulatory clarity in the United States helped to increase the adoption of XRP in the country, supported by corporate investors.
