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Market
What will be Ripple's market share in Latin American cross-border payments by end of 2025?
2
Resolution / Starting Odds
More than 30% • 25%
20-30% • 25%
10-20% • 25%
Less than 10% • 25%
Market share analysis by financial research firms or industry reports
Story
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.
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Less than 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
More than 30% • 25%
Leads the market • 25%
Second to USDT • 25%
Second to USDC • 25%
Other • 25%
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Yes • 50%
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0-4 • 25%
5-9 • 25%
10-15 • 25%
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0-5 partnerships • 25%
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North America • 25%
Europe • 25%
Asia-Pacific • 25%
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Less than 10% • 33%
10% to 20% • 33%
More than 20% • 33%