{"id":810315,"date":"2024-12-05T00:11:54","date_gmt":"2024-12-05T06:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/05\/ripple-and-mercado-bitcoin-initiate-cross-border-payment-service-in-brazil\/"},"modified":"2024-12-05T00:11:54","modified_gmt":"2024-12-05T06:11:54","slug":"ripple-and-mercado-bitcoin-initiate-cross-border-payment-service-in-brazil","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/05\/ripple-and-mercado-bitcoin-initiate-cross-border-payment-service-in-brazil\/","title":{"rendered":"Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"149814\" data-url=\"https:\/\/cryptobriefing.com\/ripple-brazil-payments-launch\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/business\/\" rel=\"tag\"><br \/>\n                    Business                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/business\/\">Business<\/a><\/span> \u00bb <span aria-current=\"page\">Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"38186\" href=\"https:\/\/cryptobriefing.com\/team\/estefano-gomez\/\" rel=\"author\">Estefano Gomez<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2024-10-03T16:14:37+00:00\"><br \/>\n                        Oct. 3, 2024                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Ripple expands into Brazil with Mercado Bitcoin partnership, enabling seamless crypto-enabled international payments.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" src=\"https:\/\/static.cryptobriefing.com\/wp-content\/uploads\/2024\/09\/03105535\/ripple-1-400x225.jpg\" alt=\"bitcoins Ripple logo overlaid on a background of various cryptocurrency coins, with a stylized Ripple symbol in blue tones.\" title=\"bitcoins ripple (1)\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Ripple and Mercado Bitcoin&#8217;s new system targets initial transactions between Brazil and Portugal.<\/li>\n<li>The partnership marks Ripple&#8217;s continued expansion in Latin America.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>Ripple has <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20241003097163\/en\/Ripple-and-Mercado-Bitcoin-Partner-to-Transform-Crypto-Enabled-Cross-Border-Payments-in-Brazil\" rel=\"noopener nofollow noreferrer\"><u>partnered<\/u><\/a> with Mercado Bitcoin, one of Latin America\u2019s largest crypto exchanges, to launch a new crypto-enabled cross-border payments solution in Brazil.\u00a0<\/p>\n<p>This partnership will enable businesses to make faster, cheaper, and more efficient cross-border payments using Ripple\u2019s managed end-to-end solution.<\/p>\n<p>Mercado Bitcoin, which has 4 million users and is a major player in the region, will initially use Ripple\u2019s solution to improve its internal treasury operations between Brazil and Portugal. The company plans to extend the service to corporate and retail customers in the future.<\/p>\n<blockquote>\n<p>\u201cThis partnership enables Mercado Bitcoin to take another step towards internationalizing its services,\u201d said Jordan Abud, Head of Banking at Mercado Bitcoin.\u00a0<\/p>\n<\/blockquote>\n<p>Ripple\u2019s solution will first target institutional clients, with initial cross-border transactions facilitated between Brazil and Portugal. This marks a key step in Ripple\u2019s expansion into Latin America, building on its previous collaboration with Travelex Bank in 2022.<\/p>\n<p>With the use of a non-resident account feature, the new payment system allows users to pay directly in Brazilian Reais, enhancing the customer experience by simplifying currency exchange and streamlining transactions.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<p>Mercado Bitcoin\u2019s partnership with Ripple builds on its history of collaborations with major payment firms such as Mastercard. Earlier in 2024, Mercado Bitcoin teamed up with Mastercard to provide live transaction capabilities between Latin America and Europe. The exchange is also working with Mastercard on a Web3-focused crypto identity system <a target=\"_blank\" href=\"https:\/\/www.mastercard.com\/news\/press\/2024\/may\/mastercard-crypto-credential-goes-live-with-first-peer-to-peer-pilot-transactions-adds-new-partners-to-the-ecosystem\/\" rel=\"noopener nofollow noreferrer\"><u>launched<\/u><\/a> in 2023.<\/p>\n<p>Despite its <a target=\"_blank\" href=\"https:\/\/cryptobriefing.com\/sec-ripple-appeal-xrp-etf\/\" rel=\"\"><u>ongoing battle<\/u><\/a> with the SEC, Ripple continues building global partnerships, confident in its product and mission to enable seamless cross-border payments.\u00a0<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Ripple+and+Mercado+Bitcoin+initiate+cross-border+payment+service+in+Brazil&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fripple-brazil-payments-launch%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Estefano Gomez <a href=\"https:\/\/cryptobriefing.com\/ripple-brazil-payments-launch\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Home \u00bb Business \u00bb Ripple and Mercado Bitcoin initiate cross-border payment service in Brazil by Estefano Gomez Oct. 3, 2024 Ripple expands into Brazil with Mercado Bitcoin partnership, enabling seamless crypto-enabled international payments. Key Takeaways Ripple and Mercado Bitcoin&#8217;s new system targets initial transactions between Brazil and Portugal. The partnership marks Ripple&#8217;s continued expansion<\/p>\n","protected":false},"author":1,"featured_media":810316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5001,25213],"tags":[11476],"class_list":{"0":"post-810315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mercado","8":"category-ripple","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/810315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=810315"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/810315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/810316"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=810315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=810315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=810315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}