Ripple is once again making the headlines with another milestone achieved in global crypto payments XRP is making great progress in global crypto payments and doing a lot of partnerships with the industry giants.
In the latest official post posted by Ripple (XRP) announced their collaboration for worldwide expansion
Ripple expands its network across borders between Brazil and Portugal. Using blockchain technology it will provide a low-cost transaction in cross-border areas. This step of the ripple is a new revolution in the payment era.
This move of ripple strengthens the financial relationship between Brazil and Portugal. Ripple’s managing director stated that we developed such a system that provides a low-cost transaction in very little time because the older financial system took a very long time and that system is very costly but now transactions can be completed within a minute.
“Portugal has developed a thriving crypto ecosystem so we are delighted to open up our payment solution to partners there, By connecting our payment networks in Portugal and Brazil we are facilitating faster, more cost-effective cross-border payments while strengthening the economic bridge between these two major markets. Ripple has over a decade of experience in tokenizing real-world assets, starting with bringing fiat currencies onchain to seamlessly send money across borders.”
Ripple has been a leading blockchain network company for a decade. Ripple has over 90 regulatory licences across the world and the company continue the process of expanding its services over the world. Ripple payment covers 90% of the daily foreign exchange (FX) over the 90 networks.
This platform is one of the most trusted blockchain platforms over the world because it processed over 70 billion dollars in payments.
In the US Donald Trump’s win strengthens its position In the crypto market with the regulatory shifts towards a pro-crypto environment. In addition, it also adds speculations over a potential conclusion in the long time. If this happens this will add a boost to the company’s Appeal in the market
Recently Ripple won the SEC case and the native token XRP seen major rally since the Trump win.
