US EditionRipple Launches Brazil Services But XRP Is Down 1%
Ripple integrates cross-border payments, custody, brokerage, and treasury tools in Brazil, serving banks and fintechs under new regulated crypto framework with a Virtual Asset Service Provider license.
- On Tuesday, Ripple launched digital asset services in Brazil and announced plans to apply for a Virtual Asset Service Provider license with the Central Bank of Brazil .
- "Latin America has always been a priority market for Ripple," Monica Long, president at Ripple, said, citing Brazil's advanced financial ecosystem as a key driver.
- The firm is deploying an integrated platform bundling cross-border payments, custody, brokerage, and treasury tools, with partners like Braza Bank already utilizing the system.
- Growth has been rapid, featuring the $1.25 billion purchase of Hidden Road, the $1 billion acquisition of GTreasury, and issuance of a $1.5 billion stablecoin via custody.
- XRP fell 1% on Tuesday as the company continues to scale, having processed over 100 billion in transactions across its payments ecosystem.
22 Articles
22 Articles
XRP leapfrogs BNB to take 4th most valuable crypto spot
The cryptocurrency XRP supplanted BNB as the fourth largest in market cap, as Ripple, the company most closely linked to XRP, announced that it would be expanding in Brazil. As of Wednesday morning, XRP’s market cap was at about $93 billion, whereas BNB’s market cap was closer to $92 billion. Ripple, which owns about 40% of the XRP supply, announced in a statement on Tuesday that in Brazil it plans on providing a suite of financial services, in…
Ripple Expands Brazil Push as RLUSD Gains Institutional Use
Ripple has expanded its financial infrastructure in Brazil, targeting deeper institutional adoption and regulatory approval. The company introduced payments, custody, and treasury tools for local institutions. Meanwhile, it plans to secure a Virtual Asset Service Provider license under Brazil’s evolving digital asset framework. Ripple Expands Enterprise Services in Brazil Ripple has launched a full enterprise platform tailored for Brazil’s finan…
Brazil becomes Ripple’s next blockchain hub as RLUSD and XRP gain traction
Brazil is rapidly emerging as a central pillar of Ripple’s global expansion strategy, as the firm rolls out a full-stack blockchain financial infrastructure and sees growing adoption of its stablecoin, RLUSD, and native token, XRP, across the country’s financial sector. On March 17, the company announced that Brazil would host one of its biggest blockchain rollouts. Ripple builds a full blockchain platform for banks and fintech companies in Bra…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
