Ripple Launches Brazil Services But XRP Is Down 1%
Ripple has launched digital asset services in Brazil and plans to apply for a Virtual Asset Service Provider license with the country’s central bank, yet XRP (CRYPTO: XRP) fell 1% on Tuesday.
The Brazil Expansion
Ripple is rolling out an integrated platform for banks and fintechs that combines cross-border payments, crypto custody, brokerage, and treasury tools, Coindesk reported.
The company said it will apply for a VASP license with the Central Bank of Brazil under the country’s new crypto framework.
“Latin America has always been a priority market for Ripple—not just because of the scale of the opportunity, but because Brazil has built one of the most advanced and forward-thinking financial ecosystems in the world,” Monica Long, president at Ripple, said.
Several Brazilian firms already use Ripple’s payments network and crypto services.
Banco Genial handles same-day U.S. dollar transfers, while Braza …
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