news 
Ripple Partners with Unicâmbio to Enable Crypto-Powered Payments in Portugal
In a groundbreaking move, Ripple has partnered with Portuguese currency exchange provider Unicâmbio to facilitate instant cross-border payments between Portugal and Brazil. This innovative collaboration marks Ripple’s entry into the Portuguese financial sector, bolstering its presence in Europe while enhancing the Portugal-Brazil remittance corridor.
By leveraging Portugal’s crypto-friendly policies, the partnership enables Unicâmbio’s corporate clients to transfer funds in minutes, a significant reduction from traditional banking channels. This move aligns with Portugal’s efforts to become a hub for digital asset innovation.
The collaboration aims to modernize money movement between Portugal and Brazil, bypassing intermediaries and enhancing customer experience. Ripple’s technology has already processed over $70 billion in volume, solidifying its position as a leader in the financial technology sector.
Furthermore, this partnership expands Ripple’s global reach, with an eye on Russia. The country is reportedly exploring digital tokens for international trade to circumvent economic sanctions. Analysts suggest that XRP could be a viable candidate due to its efficiency in facilitating real-time cross-border transactions.
Source: http://www.crypto-news-flash.com
