Ah, social media announcements, where every CEO is a bard declaiming in the great modern amphitheater of X (formerly known as Twitter – because why let a perfectly good bird logo survive?). Monica Long, president extraordinaire of Ripple, stepped forth to announce not one but TWO shockwave-inducing updates that could have left any Victorian newsboy breathless. “Extra! Extra! Ripple does stuff!”
Ripple Payments Adds Another Country: Portugal, Welcome to the Club! 🇵🇹
In what some might call a “eureka moment” and others might call “just another Monday,” Ripple announced it’s now working with Portugal’s leading currency exchange provider, Unicâmbio, to jazz up cross-border transactions. Think of it as replacing the metaphorical carrier pigeon with a jetpack-powered flamingo. Instant transfers, global reach, and all that fintech magic – it’s basically the Hogwarts of payment systems, minus the hats.
And as the cherry on the digital ledger cake, Unicâmbio has joined the Brazil-Portugal payment corridor. This new alliance teams up with the likes of Travelex Bank and Mercado Bitcoin. Clearly, payments across this corridor are now smoother than a freshly buttered croissant. Adriana Jerónimo (who likely enjoys being quoted almost as much as cross-border instant payments) claims this strengthens the economic and cultural ties between the two countries – which, let’s face it, probably includes a shared love of football and tasty snacks.
Very excited to 1/ add another country (Portugal!) to the Ripple Payments network and 2/ grow the vital Brazil-Portugal corridor with Unicâmbio joining existing customers including Travelex Bank and Mercado Bitcoin! 🎉
— Monica Long (@MonicaLongSF) February 11, 2025
Of course, all this excitement also means an even bigger role for their token, XRP. Think of it as the overachieving cousin at the family reunion who shows up with a startup, an MBA, and a plate of homemade brownies.
XRP’s Reaction: Not Exactly a Victory Dance 💃
Despite all this action, the ever-fickle cryptocurrency market didn’t exactly light fireworks for XRP, which managed a mere 5% blip before apparently deciding that was quite enough excitement for one day. Meanwhile, the crypto-watchers continue to stare at their screens like fortune-tellers peering at tea leaves. At last check, XRP is trading at $2.50291. Make of that what you will.
Meanwhile, the RLUSD Factory Keeps Cranking 📦
Over on the stablecoin side of things (where volatility is as welcome as a tax inspector at a Hobbiton alehouse), Ripple continues to unleash its RLUSD stablecoin upon the unsuspecting world. In the last 14 hours alone, it issued two hefty stashes amounting to over 1,000,000 coins. That’s enough digital funds to buy, well, probably nothing at your favorite coffee shop – unless they’re very crypto-hip.
The real jaw-dropper? Over the weekend, Ripple whipped up 9,100,000 RLUSD tokens within a mere 12 hours, proving once again that some machines just don’t have a snooze button. Did we mention listings on apps like Revolut and platforms like Zero Hash? Because, of course, what’s a stablecoin without a good roadmap to total financial domination? 🎯
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2025-02-11 15:21