Ripple Partners with Mercado Bitcoin to Launch $XRP and CBDC Payments Solution in Brazil

Oct 3, 2024, 02:30 PM

Ripple has partnered with Mercado Bitcoin, Brazil's largest cryptocurrency exchange, to launch a managed end-to-end payments solution in Brazil. This partnership aims to streamline treasury operations between Brazil and Portugal, enhancing cross-border payment efficiency via Ripple’s managed payments solution. Ripple's high-speed payment solution, Ripple Payments, is now live in Brazil, marking a significant expansion of Ripple's reach in Latin America. The solution also supports CBDC payments, and Ripple's cryptocurrency, $XRP, is integral to the system.