Ripple's First Foray Into Portugal: Partners With Unicâmbio Using Blockchain for Instant Cross-Border Payments

Ripple has expanded its European presence by partnering with Unicâmbio, a leading currency exchange provider in Portugal, to facilitate instant cross-border payments between Portugal and Brazil.

This collaboration marks Ripple's first foray into the Portuguese market, leveraging Ripple Payments to enable Unicâmbio's corporate clients to transfer funds quickly and efficiently between the two countries.

The partnership aims to enhance the financial connectivity between Portugal and Brazil, utilizing blockchain technology to reduce processing delays and operational friction.

Ripple's Managing Director for the UK and Europe, Cassie Craddock, highlighted the significance of this move in strengthening Ripple's European footprint and supporting Portugal's growing crypto ecosystem. This is the first time Ripple's payment solution is available in Portugal, and it uses blockchain technology to provide near-instant settlements, strengthening the economic ties between the two nations.

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