Ripple continues to expand its global presence with a new strategic collaboration in Portugal and Brazil.
The company has announced a partnership with Unicâmbio, one of the main Portuguese financial institutions, to introduce an innovative crypto payment solution between Portugal and Brazil. This agreement aims to optimize cross-border payments, making them faster and more economical, thanks to Ripple’s blockchain technology.
Ripple expands in Portugal and Brazil
For the first time, the payment solution Ripple will be available in Portugal, consolidating its presence in Europe. Portugal is emerging as a hub for crypto innovation and this collaboration represents a crucial step for the sector.
Thanks to the partnership with Unicâmbio, companies will be able to make international transfers between Portugal and Brazil in a few minutes, drastically reducing the costs and transaction times compared to traditional banking methods.
Cassie Craddock, Managing Director of Ripple for the United Kingdom and Europe, stated:
“This collaboration is a milestone for Ripple’s European expansion. Portugal is becoming a reference point for blockchain technology and we are excited to provide our solution to local partners”.
Ripple technology will allow a seamless integration between the payment networks of the two countries, thus strengthening the economic bridge between Portugal and Brazil.
Adriana Jerónimo, Executive Board Member of Unicâmbio, emphasized the transformative impact of blockchain in the international payments sector. “Ripple’s crypto-enabled payment solution allows for near-instant settlements, drastically reducing costs compared to traditional methods and offering real value to our customers.”
Thanks to this innovation, users will benefit from greater transparency, security, and speed in money transfers between the two countries, eliminating the inefficiencies typical of the traditional banking system.
Zero Hash and the stablecoin: the integration of RLUSD
In parallel, Zero Hash announced the expansion of its stablecoin offering with the integration of RLUSD. This addition will allow Zero Hash customers to conduct transactions on both the XRP Ledger network and Ethereum (ETH), thus increasing interoperability between blockchains. With RLUSD, Zero Hash now supports over 65 digital assets, including five stablecoins, on different blockchains.
Edward Woodford, founder and CEO of Zero Hash, stated that this integration demonstrates their commitment to offering regulated and innovative stablecoin solutions. The inclusion of RLUSD within the Zero Hash ecosystem represents a further step forward in improving access to digital currencies for institutional and retail clients.
Ripple strengthens the economic corridor between Portugal and Brazil
The partnership between Ripple and Unicâmbio represents a significant evolution for cross-border transactions between Portugal and Brazil. This initiative will not only reduce economic barriers but also help accelerate the adoption of blockchain technology in the European and South American financial sector.
With the addition of RLUSD by Zero Hash, the crypto landscape continues to evolve, offering more efficient and accessible solutions for international transactions.
The innovation of Ripple, supported by stablecoin like RLUSD and the integration with Ethereum (ETH), demonstrates the growing interest in decentralized payments and the digitalization of the financial sector.
This collaboration could pave the way for further developments in other markets, consolidating Ripple’s position as a leader in global blockchain-based payments.
