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Ripple partners with Travelex to launch enterprise crypto payment service in Brazil

08/19/2022

Less than a minute

2022.08.19 18:09

Ripple partners with Travelex to launch enterprise crypto payment service in Brazil

Ripple’s XRP token is set to be used to facilitate fast and cost-effective cross-border transactions in Brazil, after the launch of RippleNet’s On-Demand Liquidity (ODL) with forex company Travelex.

Digital payment network Ripple announced on Aug. 18 that foreign exchange company Travelex will utilize RippleNet’s ODL to facilitate cross-border payments between enterprises by utilizing Ripple’s XRP token. It also noted that Travelex Bank is the first bank approved by Brazil’s central bank to operate exclusively in foreign exchange.

08/19/2022

Less than a minute

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