Company Ripple launches crypto-enabled payments in Brazil with Travelex Bank.
Company Ripple on Twitter announced the launch of crypto-enabled enterprise payments in Brazil with Travelex Bank. The announcement read:
Bom dia! Brazil is open for Ripple’s On-Demand Liquidity with Travelex—our first LATAM bank partner—and the first bank approved by the Central Bank of Brazil to operate exclusively in FX. We’re excited to bring crypto-native solutions to Brazil.
João Manuel Campanelli, Chief Business Development Officer of the Travelex Group, commented:
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. Travelex has always been a forward-looking company and we’re pleased to be leading the charge of traditional financial institutions who are embracing the benefits of crypto and utilizing its power for real use cases that can dramatically change the way we move and manage money.