Ripple Expands into Portugal's Crypto Market with New Partnership
Ripple has announced a partnership with Unicâmbio to facilitate instant international payments between Portugal and Brazil, marking its entry into the Portuguese cryptocurrency ecosystem.
Overview
On February 10, 2025, Ripple announced its partnership with Unicâmbio, a currency exchange in Portugal, to facilitate instant payments between Portugal and Brazil. This marks Ripple’s first entry into the Portuguese market.
Partnership Details
- Ripple’s Goal: To support swift international payments leveraging digital assets for enhanced efficiency.
- Unicâmbio’s Role: The exchange will enable corporate clients to transact and settle payments in minutes using Ripple’s technology.
Economic Impact
This partnership is set to strengthen the economic connection between Portugal and Brazil. Cassie Craddock, Managing Director, UK & Europe at Ripple, stated:
“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.”
More details can be found in the full article on CoinDesk.
