Ripple Partners with Unicâmbio for International Payments to Brazil | Airdrop Alert Pro

Ripple partnered with Unicâmbio to change cross-border payments between Portugal and Brazil. Portuguese currency exchange provider Unicâmbio will use ripple payment to make the business faster and easier.

Ripple’s XRP token has made a significant correction in the past week, and the trade has not changed the bearish momentum. However, in the long run, as the partnership expands the utility of XRP Ledger, it could lead to a profitable revenue stream.

UNICAGE Leverage Ripple XRP ledger

For the history of most crypto industries, Cross-border payment It has always been an important department of interest. Some This use case is preferred in major national economics As a key function of the digital payment chain.

Ripple by cooperate With Unicâmbio, payments between Brazil and Portugal can be facilitated. The platform will be able to process payments in real time using Ripple’s XRP Ledger.

“Our partnership with Unicâmbio is a major milestone in Ripple’s European expansion. By connecting the payment networks of Portugal and Brazil, we are promoting faster and more cost-effective cross-border payments while strengthening the two major markets. Economic bridge.”

All the players in this story have experience in the field. There are ripples Stay interested for a long time In cross-border payments, Even promote similar procedures Between Japan and Brazil.

Brazil’s central bank Work with Chainlink and Microsoft Establish cross-border payments Portugal’s own central bank favors global crypto framework.

Unicâmbio is a Portuguese currency exchange provider that will use the corrugated salary to promote payments from its home country to Brazil and vice versa. In this case, the ripple will be used Its preexisting Brazilian existence Expand operations in Europe. The two countries have strong economic ties, which makes the deal potentially profitable.

Ripple can now use profitable deals, and its links in Brazil may help deliver one. Although the company received great news, XRP tokens perform poorly In recent days. It is Bearish momentum has been hit for three months Highwith network activity also declined.

However, at present, the price impact of the Unicâmbio announcement is negligible. Ripple may be able to use cross-border payments between Brazil and Portugal as a test case and perform similar operations around the world.

Ultimately, however, such a long-term plan may depend on the success of such a partnership.