- Ripple has partnered with Unicâmbio to enable efficient international payments between Portugal and Brazil.
- The collaboration leverages the Ripple Payments network to enhance the Portugal–Brazil payment corridor.
- This announcement follows a hectic start to 2025 for XRP.
Ripple has officially entered Portugal, teaming up with Unicâmbio to offer seamless cross-border payments for the nation.
Specifically, the collab will support using Ripple Payments infrastructure to improve the efficiency of the Portugal-Brazil payment corridor.
The announcement comes amid a cooling-off period for XRP, following an impressive return to form for the decade-old blockchain project.
Related: Czech President Enacts Crypto-Friendly Law, Bitcoin Reserve Next?
Tokenisation Becoming Key to Cross-Border Payments
Blockchain technology is seeing adoption increase unprecedentedly across institutions and governments in 2025 – particularly in the tokenisation space.
Distributed ledgers offer fast and cheap cross-exchange settlements, making them an excellent solution for the currently expensive foreign exchange system. Using platforms like Ripple Payments improves individual transfers and can help the bottom line of traditional intermediaries offering Forex services (like Unicâmbio).
Ripple has targeted the Portugal–Brazil payments corridor as part of its European expansion.
Historically, Brazil and Portugal have shared a long-standing relationship since the South American nation was colonised between 1500 and the 1800s, both socially, economically and culturally.
Ripple Targeting European Expansion Following Break into Portuguese Market
Unicâmbio’s Executive Board Member Adriana Jerónimo, spoke to the potential of blockchain technology to improve cross-border payments.
By leveraging blockchain technology we’re transforming money movement between the two nations. Ripple’s crypto-enabled payments solution enables near-instant settlement and drastically reduces costs compared to traditional payments channels.
Adriana Jerónimo, Executive Board Member at UnicâmbioRipple’s European Managing Director, Cassie Craddock, was similarly excited about the partnership.
Portugal has developed a thriving crypto ecosystem so we are delighted to open up our payments solution to partners there…by connecting our payment networks in Portugal and Brazil we are facilitating faster, more cost-effective cross-border payments, while strengthening the economic bridge between these two major markets.
Cassie Craddock, Ripple’s Managing Director, UK and EuropeCredit: Source link
