Ripple, a digital assets infrastructure provider, announced the launch of Ripple Payments in Brazil in partnership with Latin America’s leading crypto exchange, Mercado Bitcoin. The end-to-end payment solution would enable customers to leverage blockchain technology for faster, safer, cheaper, and more efficient cross-border payments in minutes.
Mercado Bitcoin is among the largest crypto exchanges in Latin America. Their partnership with Ripple will first focus on the internal operation between Portugal and Brazil, as mentioned in the announcement. Furthermore, the expansion of the service to international payments for retail customers and the corporate sector is also planned.
Additional reporting by Noor Bazmi.
