You Won’t Believe What Ripple Just Did in Portugal! 🌍💸

by

Well, well, well… Ripple president Monica Long just dropped some *game-changing* news on her X (formerly known as Twitter, because of course it is) account, and let’s just say it involves Portugal, cross-border payments, and a whole lot of international money-moving magic. Hold on to your seats, folks. 😎

Ripple Payments Takes a Big Leap Forward (And It’s Not Just Because of the Crypto Prices)

Monica has officially reminded everyone that Ripple’s big, shiny new corporate client is none other than Unicâmbio, Portugal’s leading currency exchange provider. Yes, you read that right—Portugal is now part of the Ripple Payment network. Corporate clients in Portugal can now instantly move funds through the Ripple Payment system (also known as ODL—On-Demand Liquidity, but let’s be real, “ODL” sounds like something your grandma tells you to avoid at the doctor’s office). 🏦💸

But wait, it gets juicier! Unicâmbio is now also part of the Brazil-Portugal payments corridor. That means it’s not just Ripple flexing its European muscle but also giving a solid high-five to Brazil. Joining Travelex Bank and Mercado Bitcoin in the mix, Unicâmbio is now making its mark on the financial landscape. Talk about international flair! 💃🌎

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

And, guess what? Ripple Payments isn’t just about sending money faster (although that’s definitely a big part). It’s powered by XRP, the digital coin that’s now got more use cases than ever. We’re talking cheaper, quicker cross-border payments, and in case you missed it, XRP is spreading its wings all over Europe. Portugal and Brazil are basically best friends now, according to Unicâmbio’s Adriana Jerónimo. If only we all had friends like that. 😜

Now, don’t get too excited just yet. XRP hasn’t seen a meteoric rise in the last 24 hours due to all this Ripple news—no surprise there, it’s not always fireworks. However, there was a 5% uptick, followed by a slight drop. At the time of writing, XRP is sitting pretty at $2.50. So, maybe don’t quit your day job just yet, crypto enthusiasts. 📉💰

Meanwhile, Ripple’s Out Here Making Stablecoins Like It’s No Big Deal

Oh, and just when you thought Ripple couldn’t get any more ambitious, they’ve been busy minting their Ripple USD stablecoin (RLUSD) like it’s a Black Friday sale. In the last 14 hours alone, Ripple has issued a massive 425,000 and 625,000 RLUSD. And over the weekend? Oh, no biggie, just a casual 9,100,000 RLUSD in 12 hours. Talk about impressive numbers. 🏃‍♂️💨

This sudden influx of RLUSD came after the stablecoin got listed on some big platforms, including Revolut and Zero Hash. So, Ripple’s treasury is stacking these stablecoins like they’re the latest crypto fashion trend. Keep an eye out, folks, things are moving fast in the Ripple world. 🚀💸

Read More

2025-02-11 12:12