Ripple and Travelex partner up to launch crypto payments in Brazil

2022-8-19 03:02

Crypto technology firm Ripple and Latin American Bank Travelex inked a new partnership on August 18 to spread instant cross-border crypto payments in Brazil using Ripple’s On-Demand Liquidity (ODL) solution.

Ripple’s ODL allows for instant cross-border transfers for a meager settlement cost. The ODL also doesn’t require pre-funded capital in the destination market. The deal made Travelex the first Latin American bank to utilize Ripple’s ODL solution.

Ripple’s CEO, Brad Garlinghouse, said that the company’s goal was to deliver real value and offer utility from day one. He said:

“Brazil is a key market for Ripple given its importance as an anchor to business in Latin America, its openness to crypto and country-wide initiatives that promote fintech innovation. […] we are excited to collaborate with an innovative partner like Travelex Bank to help move money more efficiently for the benefit of its customers across Brazil.”

Travelex Bank is the first foreign exchange bank in the region and operates entirely digitally. The bank said it has been looking for ways to enhance the customer experience for its users, who mostly have limited funds to spare for settlement costs. By utilizing Ripple’s ODL, Travelex will be able to offer instant international transfers 24/7, for very cheap.

The function will support payments between Brazil and Mexico at launch and will gradually expand to cover more regions in the future.

Payments in Cryptosphere

Crypto payments have been a hot topic for crypto companies and the community since the beginning of 2022.

In April 2022, a study reflected on the community’s adoption of payments and revealed that 40% of young adults (18 to 35-year-olds) want to use crypto as a payment method.

Responding to the demand, prominent crypto companies have been making partnerships and taking steps toward offering crypto payments to their customers.

Mark Zuckerberg’s Meta revealed its investments in crypto payments in May when it filed a trademark application for the name “MetaPay.” In June, Binance and Triple-A announced their partnership to co-create a global crypto payment gateway.

Giants from the traditional finance sphere also took a step towards enabling crypto payments. Paypal launched a beta version of its crypto payment solution in June; Mastercard partnered with a Brazilian e-commerce platform to allow crypto payments on the merchant’s front end; Stripe re-added a Bitcoin payment option to its services; Banking Circle launched a new feature to enable USDC payments.

The post Ripple and Travelex partner up to launch crypto payments in Brazil appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

crypto ripple payments brazil travelex cross-border instant

Источник: cryptoslate.com

crypto ripple → Результатов: 126


Фото:

Pro-Crypto Congressman Says Outcome Of Ripple Lawsuit Will Have Profound Implications For Whole Crypto Industry

Crypto-friendly US Congressman Tom Emmer (R-MN) recently sat down for an interview with Thinking Crypto where he shared some of his thoughts on the SEC vs. Ripple case. The Ripple Lawsuit Could Make Or Break The Crypto Industry The Minnesota Republican noted that the United States Securities and Exchange Commission’s complaint against the fintech firm […]

2021-8-13 00:18


Фото:

Ripple открыла вакансию разработчика с опытом работы на FX + Crypto Markets

Компания Ripple открыла вакансию разработчика с опытом работы на FX + Crypto Markets с целью ускорения развития своих проектов. Ripple открыла вакансию разработчика с опытом работы на FX + Crypto Markets с целью ускорения развития своих проектов. Выбранный кандидат будет...

2020-8-12 12:17


Фото:

Ripple XRP может достичь огромного подъема: Прогноз Crypto Bitlord

По словам Crypto Bitlord, Ripple XRP может достичь подъема, превышающего успех 2017 года. Аналитик Crypto Bitlord прокомментировал ситуацию для цены трех криптовалют, включая Ripple XRP. По его словам, Ripple XRP может достичь подъема, превышающего успех 2017 года. По мнению Crypto...

2020-7-15 09:35


Фото:

Analyst: Ripple Distribution Almost Complete, XRP Mark Down Could Follow

The cryptocurrency known as XRP, also called Ripple, has been among the worst performing crypto assets throughout the year of 2019. While many crypto investors are expecting the massively oversold asset that’s long been in a downtrend to finally reverse and return to former high prices, one crypto analyst believes that Ripple’s distribution is almost.

2019-12-11 21:00


NEO Finance ICO

NEO Finance offers an international platform in which participants have the opportunity to instantly receive a money loan with fiat money on bail of volatile crypto assets such as: Bitcoin Ethereum Ripple BitcoinCash Receipt of credit funds can be carried out in the following ways: In your wallet NEO Finance With the help of a payment card NEO Finance, with the possibility of cashing in any ATM Using the user's bank card.

2018-8-14 15:13


Ripple’s Crypto Community is Urging Binance Exchange to Enlist XRP as Base Currency

XRP’s Community Pushing for Binance to Adopt XRP as Base Currency Binance is running well, as it currently has a 24-hour trade volume that is worth $1.108 billion. The exchange trades base currencies such Bitcoin (BTC), Ethereum (ETC) and Tether (USDT) and even its Binance Coin (BNB). The XRP community has taken another step, and […]

2018-8-12 00:11


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Court rules in favor of Apple in class action over crypto payment policies

A California judge dismissed a class action lawsuit against Apple that accused the tech giant of imposing restrictions on third-party crypto payments on March 26. District Judge Vince Chhabria said the complaint contained “several fatal problems,” including inadequately alleged agreements between Apple and other payment services.

What is a Satoshi? How Bitcoin Fractions Work

You don't need to be rich to own Bitcoin. Explore Satoshi currency with us as we explain how the famous crypto can be divided. The post What is a Satoshi? How Bitcoin Fractions Work appeared first on CoinCentral.

Strike Rolls Out Bitcoin Purchases To Users Globally

Bitcoin payments firm Strike has expanded its services on a global scale, now allowing users in 36 countries (soon to be 65+) beyond the U.S. to buy bitcoin through the app, founder Jack Mallers announced in a blog post Thursday.