Ripple’s enhanced end-to-end payments solution is now available in its first Latin American market
Ripple, the leading provider of digital asset infrastructure, has launched Ripple Payments in Brazil. Mercado Bitcoin, Latin America's largest cryptocurrency exchange, will be the first customer in Brazil to utilize Ripple’s managed end-to-end payments solution. This enables businesses to leverage blockchain technology for faster, cheaper, and more efficient cross-border payments, securely settling transactions in minutes, 24/7.
Key Features of Ripple Payments in Brazil
Trust and Security:
- Over a decade of experience serving financial institutions.
- Compliance with stringent regulatory and security standards.
Streamlined Onboarding:
- Quick integration with minimal friction.
- Rapid access to global financial networks.
Global Reach via One Integration:
- Single integration grants access to 80+ payout markets.
- Simplifies cross-border transactions.
24/7 Liquidity:
- On-demand liquidity across multiple currencies.
- Ensures timely transactions regardless of time zones.
Why Brazil?
Brazil’s progressive crypto policies, thriving institutional adoption, and developer ecosystem made it an ideal market for Ripple Payments. Ripple established its local office in 2019 and previously partnered with Travelex Bank in 2022 to introduce crypto-enabled payments.
Mercado Bitcoin’s Use Case
Mercado Bitcoin will initially use Ripple Payments for internal treasury operations between Brazil and Portugal, with plans to expand to corporate and retail international payments. A standout feature is the non-resident account, allowing direct payments in Reais for enhanced customer experience.
👉 Explore how Ripple is revolutionizing cross-border payments
Industry Perspectives
Silvio Pegado (Ripple LATAM MD):
"Ripple Payments streamlines operations and optimizes liquidity for crypto businesses, improving margins through real-time settlement."
Jordan Abud (Mercado Bitcoin):
"This partnership simplifies transfers and aligns with our internationalization strategy, offering lower costs and a more complete platform."
Global Impact
Ripple Payments processes over $50B in volume annually, with coverage in 90% of daily FX markets. It holds 55+ regulatory licenses worldwide, underscoring its compliance and scalability.
Note: The product’s initial rollout will be institutional, exclusively for Mercado Bitcoin’s Brazil-Portugal operations.
FAQs
Q1: What makes Ripple Payments unique for cross-border transactions?
A1: It combines blockchain speed with regulatory compliance, offering near-instant settlement across 80+ markets.
Q2: How does Mercado Bitcoin benefit from this partnership?
A2: It gains efficient treasury management and a pathway to offer international payment services to customers.
Q3: Is Ripple Payments available to individual users in Brazil?
A3: Not yet; the initial phase focuses on institutional use, with retail expansion planned later.