Ripple Expands in Brazil, Aims for Global Growth
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Ripple is expanding its digital asset services in Brazil, aiming to help banks and fintechs manage money transfers, store crypto, and manage liquidity all in one platform. This move aligns with Brazils new crypto regulations and includes tools for cross-border payments, custody, brokerage, and treasury management. Several Brazilian institutions are already using Ripples network, and the company has been aggressive with growth through big acquisitions, including prime brokerage firm Hidden Road and treasury business GTreasury. Ripples payments ecosystem has processed over one hundred billion dollars in transactions, and it recently launched its U.S. dollar stablecoin, RLUSD.
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