Ripple Partners With Brazilian Exchange Mercado Bitcoin to Offer Business-Focused Payments Solution
Summary
Ripple has partnered with Brazilian crypto exchange Mercado Bitcoin to provide an end-to-end payments solution aimed at enhancing internal treasury operations between Brazil and Portugal. This partnership allows Mercado Bitcoin to support international payments for corporate and retail customers using Brazilian Reais. Ripple Payments offers capabilities to streamline operations, optimize liquidity, and improve margins through real-time settlement. This marks Ripple's first business-focused payment solution customer in Latin America. Ripple has been active in Brazil since 2019, launching its on-demand liquidity service in 2022 with Travelex Bank. Ripple USD, a stablecoin, is nearing issuance.
