In the week before Bitwise’s XRP ETF after applying SECNews of a new partnership came from Ripple, which has been going through exciting times with the appeal of .
at this point Ripple Brazilian cryptocurrency exchange to launch international payment solution in Brazil Mercado Bitcoin formed a partnership with.
Ripple to provide an international payment solution that allows corporate and retail customers to transact using the Brazilian Real. Mercado, Latin America’s largest cryptocurrency exchange, announced that it has established a partnership with Bitcoin.
Ripple stated that with its new partnership tool, businesses in Brazil can receive “faster, cheaper, more efficient cross-border payments” worldwide 24/7 and make payments in minutes.
Mercado Bitcoin will be the first customer in Brazil to use Ripple’s managed peer-to-peer payment solution to enable businesses to securely make faster, cheaper, more efficient cross-border payments.
Mercado will use Bitcoin Ripple’s platform to improve transactions between Brazil and Portugal for institutional customers and plans to support international payments for institutional and retail customers in the future.
“Ripple Payments offers unique capabilities that enable cryptocurrency businesses to streamline their operations, optimize liquidity and improve margins through real-time payment settlement,” said Silvio Pegado, managing director of Ripple Latin America. he said.
“The partnership with Ripple has enabled Mercado Bitcoin to take another step towards bringing its services to the international platform,” said Jordan Abud from Mercado Bitcoin.
Founded in 2013, Mercado Bitcoin is an important player in the cryptocurrency industry and is one of the largest cryptocurrency exchanges in Latin America with 4 million users. Apart from Ripple, Mercado Bitcoin has also established partnerships with high-profile payment companies such as Mastercard.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, Twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!