Ripple and Unicâmbio have formed a strategic partnership to accelerate crypto payments between Portugal and Brazil through Ripple's solution.
Strategic Partnership between Ripple and Unicâmbio
On February 10th, Ripple announced a collaboration with Portuguese exchange provider Unicâmbio. The partnership aims to facilitate instant cross-border payments between Portugal and Brazil, marking the company's first initiative of this kind in Portugal.
Ripple's Expansion in Latin America
The new partnership strengthens Ripple's presence in Latin America, especially in Brazil, where the company already has ties with multiple financial institutions, including Travelex Bank and Mercado Bitcoin.
Current XRP Price Situation
Despite a series of positive news about Ripple's international expansion, the value of XRP, Ripple's native cryptocurrency, has yet to start a sustained rally. In recent weeks, XRP prices have faced adjustments, remaining within the resistance level of $2.55.
Ripple's partnership with Unicâmbio marks a significant step in securing faster and more affordable cross-border payments in Europe and Latin America. The developed solution could impact how international transfers are conducted.
