Ripple Brings Blockchain to Brazil and Portugal in Unicambio Deal

This marks Ripple Payments’ debut in the Portuguese market and represents a major step forward in facilitating seamless, cost-efficient international transactions between two countries with strong economic and cultural ties.

Under the new agreement, Unicâmbio’s corporate clients will gain access to instant fund transfers between Portugal and Brazil. By leveraging blockchain technology and digital assets, the solution aims to reduce transaction fees, increase speed, and improve reliability, offering a superior alternative to traditional cross-border payments.

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Cassie Craddock, Ripple’s Managing Director for the U.K. and Europe, emphasized that the partnership with Unicâmbio marks a significant step in Ripple’s European expansion. She highlighted that Portugal’s rapidly evolving crypto ecosystem makes it an ideal market for deploying innovative blockchain-based solutions aimed at streamlining and reducing the costs of cross-border payments.

Portugal and Brazil share deep economic and cultural ties, with significant money flows between the two countries,” said Adriana Jerónimo, Executive Board Member at Unicâmbio. “By leveraging blockchain technology we're transforming money movement between the two nations. Ripple’s crypto-enabled payments solution enables near-instant settlement and drastically reduces costs compared to traditional payments channels, delivering real value to our customers,

said Adriana Jerónimo, Executive Board Member at Unicâmbio.

This collaboration further strengthens Ripple’s presence in Brazil, where the company has already established partnerships with major financial institutions such as Travelex Bank and Mercado Bitcoin. Ripple continues to demonstrate its expertise in tokenizing real-world assets, providing financial institutions with seamless access to cutting-edge digital payment infrastructure on a global scale.

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Ripple’s new cross-border payment solution has the potential to reshape the global financial landscape, allowing institutions to adapt to the demands of a modern digital economy while making financial transactions more efficient, cost-effective, and accessible worldwide.