Ripple $2.4aiming to provide innovation in international payment systems and announced that Portugal will cooperate with the leading foreign exchange clearing company Unicambio. With this development, it is aimed to accelerate financial transactions between two different economic regions throughout the country and to reduce costs. In the statements made, thanks to the facilities offered by Blockchain technology, it was emphasized that the transactions will take place almost instantly.
New cooperation in Portugal
With the use of Ripple Payments technology, it is planned to revolutionize the payment transactions between Portugal and Brazil. Within the scope of cooperation, Unicambio aims to shorten the processing time and reduce costs using the Blockchain infrastructure. Compared to traditional methods, international money transfers are expected to realize much faster thanks to technological transformation.
Authorities made statements about the development of Ripple in the European region, said the cooperation will strengthen the economic ties of the two countries. In this context, managers responsible for the UK and Europe shared their views on the payment system.
Cassie Craddock: “In Portugal’s developing digital economic environment, faster and more efficient transactions will be possible thanks to our payment solution.”
Similar statements came from the Unicambio executives. Adriana Jerónimo said Blockchain technology accelerated money transfers between the two countries.
Adriana Jerónimo: “Processes with Blockchain are instantly resulting; This increases customer satisfaction. ”
Ripple’s global expansion
Ripple has more than 90 licenses on a global scale and has paid over $ 70 billion. The company continues to increase its effectiveness in Latin America and other regions thanks to its current business partnerships and technological infrastructure. These innovations in the financial infrastructure reinforce Ripple’s position as a reliable digital payment network in the global sphere.
The new cooperation aims to provide more effective money transfer between the two economic regions and provide alternative solutions on existing financial systems. Ripple’s technological move can increase productivity in international payments and reduce costs.
In line with the developments, the financial sector stakeholders and customers expect positive effects from the increase in transaction speed and efficiency. Ripple’s step can be an important reference for markets that closely follow global financial dynamics.
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