Blockchain payments network Ripple has teamed up with a major crypto exchange in Brazil to introduce cross-border payments facilitated by cryptocurrency. The collaboration with Mercado Bitcoin will allow local businesses in Brazil to settle payments using Ripple's end-to-end payments solution. This new tool promises faster, cheaper, and more efficient cross-border payments globally, with settlements taking only minutes. Initially targeting institutional customers, the integration will enhance Mercado Bitcoin's treasury operations between Brazil and Portugal. The exchange plans to extend support for cross-border payments to corporate and retail customers in the future. This partnership signifies a step towards internationalizing services for Mercado Bitcoin, offering lower costs and a more comprehensive platform for users. Ripple's involvement aims to simplify transfers and expand the exchange's product portfolio. The upcoming cross-border payment tool in Brazil is expected to revolutionize payment processes, although Ripple has not provided a comment on the matter yet. Read more AI-generated news on: https://app.chaingpt.org/news

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