Ripple has partnered with Mercado Bitcoin, Latin America's largest cryptocurrency exchange, to launch a new cross-border payment solution in Brazil. This collaboration aims to enhance the efficiency of international transactions, initially focusing on operations between Brazil and Portugal. By leveraging Ripple's blockchain technology, businesses can expect faster, cheaper, and more secure payments, with settlements occurring in minutes.

Jordan Abud, Head of Banking at Mercado Bitcoin, highlighted that this partnership marks a significant step towards internationalizing their services and expanding their product offerings. Ripple's solution will first cater to institutional clients but is expected to extend to corporate and retail users in the future.

This initiative underscores Brazil's growing importance in the crypto market and Ripple's commitment to expanding its presence in Latin America.

#Ripple #MercadoBitcoin #CrossBorderPayments #Blockchain #CryptoInnovation

Mastercard unveils P2P crypto network for cross-border payments and vanity address system

#Mastercard launches a #P2P platform for cryptocurrency users in Europe and Latin America. The Mastercard Crypto Credential network, currently in pilot mode, facilitates transactions on the #Bit2Me , #Lirium , and #MercadoBitcoin exchanges. This initiative aims to enable cross-border payments across the Atlantic. The rollout of this P2P platform is part of Mastercard's broader strategy to utilize digital assets for cross-border payments. Users of the P2P network will also have the option to use Mastercard Crypto Credential aliases, short-hand labels for crypto wallets, for their transactions.

👉 theblock.co/post/297409/mastercard-launches-p2p-crypto-network-vanity-address-system