Ripple partners with Mercado Bitcoin 07 October 2024Brazil Reporter: Clelia Frondaroli
Image: f11photo/stock.adobe.com
Ripple has partnered with Mercado Bitcoin to launch Ripple Payments in Brazil.
Clients of Mercado Bitcoin will be able to use the solution to manage end-to-end and cross-border payments in a secure and more efficient manner.
The solution will also enable Mercado Bitcoin to enhance its internal treasury operations between Brazil and Portugal, as well as gain access to over 80 markets worldwide.
Silvio Pegado, managing director of LATAM at Ripple, comments: “Ripple Payments offers unique capabilities that are important to crypto businesses enabling them to streamline operations, optimise liquidity, and ultimately improve margins through real-time payment settlement.”
Head of banking at Mercado Bitcoin, Jordan Abud, adds: “This partnership enables Mercado Bitcoin to take another step towards internationalising its services. The possibility of facilitating this type of operation, offering lower costs and making the platform even more complete shows our commitment to customers, while expanding the portfolio of products we offer today.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: f11photo/stock.adobe.com 