Ripple Labs Inc, a leading provider of real-time payment solutions, has announced a new partnership with Unicâmbio, a currency exchange service in Portugal. According to the announcement , this collaboration aims to make cross-border payments between Portugal and Brazil easier and faster. With this, Unicâmbio will use Ripple’s advanced payment platform, which utilizes digital assets to make financial transactions quicker, cheaper, and more efficient. Benefits of Ripple’s Partnership With Unicâmbio It is worth noting that this partnership is historic as it is the first time Ripple’s payment solutions will be available in Portugal. Likewise, this expansion increases Ripple’s global presence. With Ripple’s technology, Unicâmbio customers can enjoy instant cross-border transactions, eliminating the delays and costs that usually come with international money transfers. Furthermore, this partnership will make it easier for Portugal and Brazil to send money. Also, this system cuts out middlemen, which lowers transaction fees and makes the process more efficient. Notably, Ripple’s innovative approach to cross-border payments continues to gain momentum globally, and this partnership with Unicâmbio underscores its commitment to transforming the financial landscape. Ripple Labs Launches RLUSD Stablecoin In December, Ripple Labs unveiled its RLUSD stablecoin , a dollar-pegged asset. Interestingly, the stablecoin is live on some major global exchanges. As reported by TheCoinRise, Ripple emphasized that the stablecoin built for everyone offers fiat currency stability while leveraging blockchain technology. RLUSD functions on two networks simultaneously in the interim. These are Ethereum and Ripple’s native ledger, XRP Ledger (XRPL). All users on these two networks can officially interact with RLUSD. RLUSD’s notable features include allowing users to send and receive payments globally in real time. RLUSD Gains Momentum With Major Exchange Listing Interestingly, Ripple Lab’s newly launched stablecoin is steadily making waves in the crypto world. With its recent adoption by prominent exchanges like Bitstamp and Bullish , Ripple’s President Monica Long envisions a broader expansion. In a recent interview, Long confidently hints that Coinbase could join the roster. If this happens, it could mark another significant milestone in RLUSD’s journey toward global adoption . Notably, RLUSD bypasses the limitations inherent in traditional banking hours as it operates 24/7, and there are no delays in international transactions. Other interesting features include seamless on and off-ramps and access value in real-world assets. The post Ripple Labs Enters Portugal With Unicâmbio Partnership appeared first on TheCoinrise.com .
