Ripple has solidified its European expansion by partnering with Unicâmbio, Portugal’s leading currency exchange provider, to enable instant cross-border payments between Portugal and Brazil using Ripple Payments. This collaboration marks Ripple’s entry into the Portuguese market, a strategic move to strengthen its foothold in Europe.
"Planting the Ripple flag in Portugal today with Unicâmbio, our first Portuguese client and the country’s leading currency exchange provider! Using Ripple Payments, their corporate customers can now move funds near instantly between 🇵🇹 & 🇧🇷."
— Ripple (@Ripple)
Key Features of Ripple Payments
- Speed & Cost Efficiency: Leverages crypto assets like XRP for near-instant settlements at reduced costs.
- Global Coverage: Supports 90% of the forex market, processing $70 billion across 35 million transactions.
Adriana Jerónimo of Unicâmbio highlighted:
"Blockchain technology is transforming money movement between Portugal and Brazil. Ripple’s solution offers instant settlements and lower costs, delivering tangible value."
XRP Price Outlook for 2025
After years of stagnation, XRP surged in late 2024 following the U.S. presidential election. Analysts attribute this to:
- Regulatory Tailwinds: A crypto-friendly SEC under the new administration increases chances of resolving Ripple’s lawsuit and approving an XRP ETF.
- Enhanced Utility: Ripple’s focus on tokenized RWAs (e.g., U.S. treasuries via Ondo Finance) boosts XRP Ledger adoption.
Price Predictions
- CoinCodex Algorithm: Forecasts XRP at $4.07 by 2025 (+67% from current levels).
- Market Optimism: Speculation around $5 XRP persists, driven by partnership growth and regulatory clarity.
👉 Explore how Ripple’s partnerships are reshaping global payments
FAQ
Q: How does Ripple Payments work?
A: It uses XRP as a bridge asset to facilitate fast, low-cost cross-border transactions between fiat currencies.
Q: Why is Portugal significant for Ripple?
A: Portugal’s crypto-friendly policies make it a strategic gateway for Ripple’s European expansion.
Q: What’s driving XRP’s price potential?
A: Regulatory resolutions, ETF prospects, and real-world asset tokenization are key catalysts.
👉 Stay updated on XRP’s latest developments
Disclaimer: Crypto investments are volatile. Conduct independent research before investing.