Ripple Partners with Unicâmbio to Enhance Portugal-Brazil Cross-Border Payments

• Ripple & Unicâmbio partner to enable instant, low-cost Portugal-Brazil payments, boosting financial efficiency via blockchain.
• Ripple strengthens its European reach, expanding its trusted cross-border payment solutions for businesses and institutions.
• With a decade of expertise, Ripple’s blockchain network enhances global finance, streamlining transactions across 90+ markets.

Ripple, a leading enterprise blockchain digital asset solutions company, has entered into a partnership with Portuguese foreign currency exchange provider Unicâmbio. This will help facilitate cross-border payments instantly from Portugal to Brazil. Blockchain-powered Ripple Payments enables this innovation. The deal extends Ripple’s European presence and strengthens the corridor between Portugal and Brazil.

Ripple Expands Its Footprint in Europe

It develops an ideal market that has managed to build a strong crypto ecosystem. The corporate clients of Unicâmbio will henceforth have faster and cheaper transactions. Traditional methods of banking usually create delays and high fees. However, the solution from Ripple reduces these inefficiencies drastically. Transactions will now settle in minutes, removing friction in cross-border payments.

Cassie Craddock, Ripple’s Managing Director for UK & Europe, emphasized the importance of this partnership. She stated that connecting Portugal and Brazil’s payment networks enhances efficiency. Consequently, financial institutions increasingly turn to blockchain for seamless transactions. Besides, Ripple’s decade-long expertise in tokenizing real-world assets reinforces its reliability.

Strengthening the Portugal-Brazil Economic Bridge

Portugal and Brazil share strong economic and cultural ties. Remittance flows exist between the two nations. Consequently, enhancing financial infrastructure benefits businesses and individuals. Unicâmbio’s Executive Board Member, Adriana Jerónimo, highlighted blockchain’s role in revolutionizing money transfers. Near-instant settlements reduce costs compared to traditional payment channels. Hence, businesses can optimize their financial operations efficiently.

Ripple already maintains a robust presence in Brazil. Travelex Bank has been a Ripple partner since 2022. Additionally, Mercado Bitcoin, Latin America’s largest crypto exchange, joined Ripple’s network last year. These collaborations demonstrate Ripple’s commitment to strengthening Latin American financial markets.

Ripple’s Expanding Global Influence

Ripple Payments provides near-global coverage, supporting 90+ payout markets. These markets account for over 90% of daily FX transactions. Moreover, the platform has processed over $70 billion in volume. With over a decade of experience, Ripple holds 60+ regulatory licenses. Hence, its compliance framework ensures seamless operations across multiple jurisdictions.