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