Ripple recently announced its cooperation with Mercado Bitcoin, one of the largest cryptocurrency exchanges in Brazil. The focus of this cooperation is to use Ripple's "end-to-end managed payment solution" to help local companies conduct international payment settlements faster and cheaper, and Operates 24/7.

Optimize the use of internal funds within the company and improve the payment experience of overseas users

Ripple said that Mercado Bitcoin will use the new solution to optimize the fund management process between Mercado’s branches in Brazil and Portugal. In the future, Mercado plans to expand this solution to business and retail users to help them make international payments.

One of the highlights of the solution is the use of "overseas users", which allows users to pay directly with Brazilian legal currency (Reais). This design makes the payment process simpler and more convenient, especially in cross-border transactions, which can greatly improve the user's experience. Payment experience.

Ripple’s new solution provides Brazilian companies with the following advantages:

  • Security Compliance

  • Streamline operations: The new payment solution allows local businesses to quickly integrate into their existing operations, reducing operational friction.

  • Helping local businesses connect with the world: Local businesses only need to integrate once with the new solution to access more than 80 different markets.

  • 24/7 liquidity: businesses can access the funds they need at any time and anywhere for efficient and timely transactions.

  • The new scheme does not only apply to local businesses, but also extends to the retail sector.

  • Streamline operations: The new payment solution allows local businesses to quickly integrate into their existing operations, reducing operational friction.

(Ripple announces cooperation with Yonsei University in South Korea on UBRI blockchain research project)

This article Ripple and Brazilian exchange Mercado Bitcoin join hands to optimize corporate cross-border payments first appeared on Chain News ABMedia.

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