Ripple is launching with Unicabio in Portugal, helps to pay across the border to help cross businesses in Portugal and Brazil.
Ripple has participated with the Portuguese currency exchange provider, Unicumbio, which is to offer a cross -border payment between Portugal and Brazil, the company said on 10 February. Blog announcement,
The partnership is the first time the payment solution of Ripple is available in Portugal, a new step in its European expansion. By collaborating with Unicâmbio, Ripple will allow corporate customers to send and pay, “reads the declaration” to make the moving value dramatically more efficient to reduce time and friction. “
Ripple has been working in Brazil for some time, in which customers such as TravelX banks and Mercado bitcoins have already been using their solutions. Commenting on the latest product expansion in Ripple, how Cradeck, UK and Managing Director of Europe, say more institutions such as Unicabio are “bending to benefit from the underlying benefits of blockchain technology.”
“Portugal and Brazil share deep economic and cultural relations with significant wealth flows between the two countries. Taking advantage of blockchain technology, we are changing the money movement between the two countries. ,
Adriana Jeronimo, Member of Executive Board at Unicumbio
With the latest partnership, Ripple says that now he has “close-blind coverage”, representing more than 90 payout markets, which represents more than 90% coverage of “daily FX markets, which 70 billion There is more than dollar. “
Despite this news, the price of XRP (XRP) has declined by 0.33%, sitting at $ 2.44. Earlier, Crypto.news reported that more than 268,000 people in Portugal are now investing in cryptocurrency like Bitcoin (BTC) and Ethereum (Eth). Triple-A, a digital currency payment company behind the survey, stated that factors such as more public awareness, better infrastructure and comprehensive crypto acceptance have helped promote the country’s growing crypto investment scene.
