Ripple taps currency exchange provider Unicâmbio to bring cross-border payments to Portugal

Ripple launches in Portugal with Unicâmbio, helping companies in Portugal and Brazil to make cross -border payments.

Ripple joined forces with Unicâmbio, a Portuguese exchange supplier, to offer cross -border payments between Portugal and Brazilsaid the company in a February 10 blog ad.

The partnership has been the first time that Ripple’s payment solution has been available in Portugal, marking a new step in its European expansion. By collaborating with Unicâmbio, Ripple will allow companies to send funds and settle payments, “reducing time and friction to make the value moving spectacularly”, indicates the ad.

Ripple has been working in Brazil for some time, with customers like Travelex Bank and Mercado Bitcoin who already use its solutions. Commenting on the latest product extension, Cassie Craddock, Director General, United Kingdom and Europe, at Ripple, said that more institutions like Unicâmbio “are leaning on to benefit from the advantages inherent in blockchain technology”.

“Portugal and Brazil share profound economic and cultural ties, with significant money flows between the two countries. By taking advantage of blockchain technology, we transform the money movement between the two nations. »»

Adriana Jerónimo, member of the board of directors in Unicambio

With the latest partnership, Ripple says that he now has an “almost global coverage” with more than 90 payment markets representing “more than 90% coverage of the daily FX markets, dealing with more than $ 70 billion in volume”.

Despite the news, the price of XRP (Xrp) dropped by 0.33%, seated at $ 2.44. Earlier, crypto.news reported that more than 268,000 people in Portugal are now investing in cryptocurrencies such as bitcoin (BTC) and Ethereum (Ethn). Triple-A, a digital currency payment company behind the survey, stressed that factors such as greater public awareness, better infrastructure and wider crypto acceptance have helped stimulate the investment scene in cryptography growing country.