Fintech institution Ripple, which offers enterprise blockchain and crypto solutions, partnered with Brazil's National Federation of Associations of Central Bank Servers or Fenasbac to support fintech development in the South American nation. The particularity of the alliance is based on Fenasbac's "Next" blockchain accelerator program, described in this press release.

As a result, understanding that Brazil has a favorable approach to regulations and possesses a strong developers' base, Ripple points out the necessity to invest money in the country's blockchain infrastructure and financial services. Silvio Pegado, Ripple's Managing Director of LATAM, emphasized Brazil's potential: "Being the country that advances innovative financial solutions to the highest level, Brazil has a favorable environment that supports the development of new technologies and liberal policies in blockchain. We are getting to know Brazil as the country at the forefront of changing financial industries worldwide.

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