🔁 Ripple expands XRP and RLUSD payment services for cross-border payments in Europe and Brazil
Narrative:
Ripple announced a significant expansion of cross-border payment services using XRP and RLUSD (its associated stablecoin), to include Europe and Brazil through strategic partnerships with regional financial institutions.
Highlights:
• RLUSD is used to settle transactions in euros and Brazilian reals.
• Partnership with platforms like Bitso and Banco Rendimento.
• Ripple aims to accelerate payments and reduce transfer costs for institutions.
Analysis:
This expansion enhances Ripple's position in the institutional payments sector and increases the prospects for widespread adoption of RLUSD as a serious competitor in the stablecoin market.
#Ripple #XRP #RLUSD #CrossBorderPayments #Brazil #Europe #CryptoAdoption2025
