US based Ripple It is spreading on a global scale as corporates begin to show more interest in cryptocurrencies. Tokenization, RWA The market size expectation in the field is expressed in trillions of dollars. Ripple has been trying to get its slice of this upcoming cake for years. The company made its last move in Brazil.
Ripple License Application
Ripple announced today that it has significantly expanded its presence in Brazil, applying for a new license in one of the world’s fastest-growing financial markets. Ripple is a company that can meet all blockchain-based financial service demands of institutions, from international payments and digital asset custody services to first-class brokerage and treasury management, and is expanding to the world in compliance with regulations.
Ripple President Monica Long said;
“Latin America has always been a priority market for Ripple, not only because of the magnitude of the opportunities, but also because Brazil has created one of the most advanced and innovative financial ecosystems in the world.
We have spent over a decade building the trust, obtaining the licenses and developing the technology necessary to operate in regulated markets. “Now, with our expanded platform, we can offer institutions in the region everything they need to compete in the modern financial system.”
Currently, many financial institutions in the country work directly with Ripple;
- Banco Genial: Rippleenabling same-day payments to Banco Genial in US dollars, enabling faster and more transparent international payments. And now it is expanding to include RLUSD in its cryptocurrency flows.
- Braza Bank: Braza Bank, one of Brazil’s largest foreign exchange institutions by volume, has chosen Ripple Payments to optimize US dollar payments and Brazilian real-pegged stablecoin BBRL XRP Ledger (XRPL) launched on .
- Nomad: Serving more than 3 million users, the Brazilian fintech company uses Ripple Payments and its liquidity network to increase efficiency in cash flows between Brazil and the USA, while also offering exchanges through stablecoins such as RLUSD.
- Azify: Brazilian fintech company specializing in financial services infrastructure now converts stablecoins into local currencies including USD, EUR, CNY, and SGD using Ripple Payments.
- ATTRUS: ATTRUS, one of the leading companies in the Latin American payments industry, uses Ripple to facilitate fast and compliant international payments and exchange of OTC cryptocurrencies in Brazil (RLUSD is integrated into the company’s broader exchange structure).
- Frente Corretora: The foreign exchange market institution funds payments in dollars and euros in the US and Europe using both fiat currency and USDT, combining cross-border transactions and stablecoin portfolios on a single platform.
- CRX: XRPL and is a Ripple partner that issues and distributes tokenized assets at scale using Ripple Custody; It has carried out approximately 100 million dollars of transactions on onchain.
- Justoken: With more than $1.7 billion in assets already tokenized in XRPL, Justoken will use Ripple Custody to create an institutional-grade infrastructure for the tokenization of real-world assets (RWA) in the natural resources sector in Latin America.
And much more.
XRP Coin
After sales started at $1,543 XRP Coin It returned to the $1.5 threshold. Although the price, which could not approach 1.6 dollars for exactly 1 month, returned to the resistance zone with the rise of BTC, the short-term joy was replaced by profit sales. Due to the Iran issue, such peaks rightfully host short-term profit sales and the charts decline to support levels.
At this stage, it is possible that XRP Coin will decline to $ 1.43, and in case of loss of this region, its upward hopes will be dashed. The current $1.5 base is a sufficient area for a re-resistance test. We will see that fluctuations continue depending on the general market sentiment in the coming hours.
