Ripple partners Travelex Bank to launch XRP-enabled enterprise payments in Brazil

Ripple partners Travelex Bank to launch XRP-enabled enterprise payments in Brazil
фото показано с : coinjournal.net

2022-8-19 22:57

Ripple’s partnership with Travelex Bank will see customers of the locally regulated bank benefit from XRP-powered cross border payments settled on RippleNet’s On-Demand Liquidity (ODL) protocol.

Ripple has launched a digital asset based payment solution in Brazil, partnering with regulated Latin America bank Travelex Bank.

The enterprise-focused solution will seek to offer customers across the region access to low-cost international payments, with instant settlement via RippleNet’s On-Demand Liquidity (ODL). 

Leveraging Ripple’s XRP and the ODL platform will see businesses and corporates send money across borders without having to first open and maintain pre-funded accounts in those countries.

Customers to benefit from ‘real utility’

Ripple CEO Brad Garlinghouse, commenting on the development, noted that Brazil has grown to be one of the most important crypto destinations in the region, with its largely crypto-friendly environment great for fintech innovation. The country is thus seeing an “explosion of activity” amid increased adoption of blockchain and cryptocurrency among institutional users.

He added that crypto is helping people solve pain points in payments and the partnership with Travelex Bank boosts this outlook.  

“From day one, we’ve focused on building solutions that deliver real utility and 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,” he added in a statement.

Travelex Bank is regulated by the Central Bank of Brazil, with its operations exclusively in foreign exchange. And with over $780 billion in annual remittances into Brazil, Travelex and Ripple could see increased demand for its ODL service, with the native XRP helping ensure cheaper and faster payments settlement.

Initially, support will be for the Mexico-Brazil payments corridor. Travelex will then look to support other corridors, with payments expanding to services such as bulk SME payments and internal treasury.

Ripple’s partnership with Travelex adds to a host of other key deals in the Latin America region, including with Banco Rendimento, Banco Topazio and Remessa Online. It also expands Ripple’s mainstream partnerships across the globe – Europe, Middle East and Southeast Asia.

The post Ripple partners Travelex Bank to launch XRP-enabled enterprise payments in Brazil appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

bank ripple travelex brazil payments enterprise partners

Источник: coinjournal.net

bank ripple → Результатов: 126


Фото:

Bank of America протестировал блокчейн-технологию Ripple

Второй по величине банк в США, Bank of America, незаметно протестировал технологию распределенного реестра от Ripple, и, возможно, планирует зайдействовать ее в своей деятельности.

2019-10-18 16:34


Bank of America без огласки тестирует технологию Ripple

Американский финансовый конгломерат Bank of America протестировал технологию распределенного реестра Ripple, пишет CoinDesk. Не раскрывая подробностей, пресс-секретарь Ripple сообщила, что стартап и банк провели совместный пилотный проект.

2019-10-19 12:03


US Second Largest Bank, Bank Of America, Secretly Tests Ripple XRP Technology

Recent reports leak that the second-biggest bank in the US, has secretly piloted Ripple’s blockchain technology and is poised to do more with it. Late last year, during a seminar organized by the International Monetary Fund (IMF), Ripple recognized Warren Buffett-backed Bank of America as one of its customers during its presentation. Probed about whether […]

2019-10-17 19:28


Ripple’s Partnership with Al Ahli Bank is Result of Wanting to “Reimagine a Simpler Bank” Says CTO

Ripple has been successful in earning itself a reputable name across the globe, especially through the numerous partnerships established with banks all over the place. As previously reported by Bitcoin Exchange Guide, the alliance formed by Ali Ahli Bank of Kuwait (ABK) and Ripple will help the former better in their technological sense, while making […]

2019-5-13 21:29


На Шри-Ланке грядут изменения: банк Cargills начал сотрудничество с Ripple

Известный банк в Шри-Ланке объявил о своем сотрудничестве с Ripple для улучшения системы денежных переводов. Сообщение На Шри-Ланке грядут изменения: банк Cargills начал сотрудничество с Ripple появились сначала на Freedman.

2018-8-16 20:59


Фото:

U.K. Banks Warned to Be Careful With Cryptocurrencies

The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.

2018-6-29 18:17


RippleNet Strengthens Emerging Markets Access into India, Brazil and China

According to the World Bank, global remittance payments are on track to grow by 3.4 percent or roughly $466 billion in 2018, with India and China having the highest incoming flows in 2017. Together with this massive flow of capital, emerging markets are home to 85 percent of the global population and account for almost … Continued The post RippleNet Strengthens Emerging Markets Access into India, Brazil and China appeared first on Ripple.

2018-6-17 12:50


Фото:

Ripple Hosts World’s Central Banks to Explore Next Generation of Payments

Image: Shutterstock Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments. The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership, payment strategy leads and oversight staff for a focused discussion on … Continued The post Ripple Hosts World’s Central Banks to Explore Next Generation of Payments appeared first on Ripple.

2018-6-17 12:50


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.

Суд США отказался признать вторичные продажи активов на Coinbase торговлей ценными бумагами

Второй окружной апелляционный суд США на Манхэттене отклонил иск клиентов американской криптобиржи Coinbase, требовавших отмены собственных транзакций и финансовой компенсации за продажу незарегистрированных ценных бумаг.