SAN FRANCISCO & SAO PAULO--(BUSINESS WIRE)--Ripple, the leading provider of enterprise blockchain and cryptocurrency solutions, today announced the launch of RippleNet’s On-Demand Liquidity (ODL) in Brazil with Travelex Bank, the first bank in Latin America to utilize ODL. Travelex is the first bank registered and approved by the Central Bank of Brazil to operate exclusively in foreign exchange.
“We view this partnership as a strategic opportunity that will bring the benefit of crypto to many in the region in a safe and compliant way”
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By utilizing XRP, a digital asset ideal for payments, Ripple’s ODL solution allows customers to send money across borders instantly with very low-cost settlement and without the need to hold pre-funded capital in the destination market.
"Brazil is a key market for Ripple given its importance as an anchor to business in Latin America, its openness to crypto and country-wide initiatives that promote fintech innovation. As a result, the...
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