Ripple Partners With Brazilian Exchange Mercado Bitcoin to Offer Business-Focused Payments Solution

Ripple, a provider of digital asset infrastructure, has partnered with leading Brazilian crypto exchange Mercado Bitcoin to offer businesses its managed end-to-end payments solution. Mercado Bitcoin uses Ripple’s service to improve its internal treasury operations between Brazil and Portugal, Ripple said in a statement. The aim is to offer its corporate and retail customers support for international payments, allowing users to transact with Brazilian Reais. Brazil is familiar territory for Ripple. The company opened offices in the Latin American country in 2019 and introduced its crypto on-demand liquidity (ODL) service in Brazil in August 2022.

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