Monica Long, Ripple president, announced the addition of Portugal to the Ripple Payments network, allowing Unicâmbio to offer instant cross-border payments to its corporate clients. This expansion boosts XRP's footprint in Europe and strengthens the Brazil-Portugal corridor. While XRP's price saw a marginal increase, Ripple continues to actively issue its stablecoin, RLUSD, after securing listings on major platforms.
Ripple president Monica Long made a significant announcement on her official X (formerly Twitter) account, highlighting the addition of Portugal to the Ripple Payments network. This development allows Unicâmbio , Portugal 's leading currency exchange provider, to offer its corporate clients instant cross-border payments through Ripple 's On-Demand Liquidity (ODL) network.
Long also announced that Unicâmbio has joined the Brazil-Portugal payments corridor, alongside existing clients Travelex Bank and Mercado Bitcoin. This expansion strengthens Ripple's presence in Europe and boosts the Portugal-Brazil payments corridor. The collaboration with Unicâmbio further enhances the utility of XRP, Ripple's native token, within its payment solutions. XRP facilitates cheaper and faster cross-border transactions, and this development expands its adoption in Europe. The recent addition of Portugal to the Ripple Payments network and Unicâmbio's entrance into the Brazil-Portugal corridor have significant implications for XRP's growth and the overall adoption of Ripple's payment solutions. Notably, despite this positive development, XRP's price experienced a marginal increase of around 5% in the past 24 hours, followed by a slight decrease. At the time of this writing, XRP is trading at $2.50291. Furthermore, Ripple has been actively issuing its newly launched stablecoin, Ripple USD (RLUSD). Data from the Ripple Stablecoin Tracker on X reveals that over the past 14 hours, Ripple's treasury has minted two substantial batches of RLUSD, totaling 425,000 and 625,000 RLUSD. This follows a previous issuance of 9,100,000 RLUSD over the weekend, highlighting Ripple's commitment to expanding the utility of its stablecoin. These recent mints come after RLUSD secured listings on prominent platforms like Revolut and Zero Hash, indicating growing institutional and user adoption
Ripple XRP Portugal Unicâmbio Cross-Border Payments On-Demand Liquidity Stablecoins RLUSD Europe Brazil
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