Ripple views Brazil’s crypto regulations as an opportunity for growth, citing the country’s constructive regulatory environment.
Brazil has adopted legislative measures to control the cryptocurrency sector, making it a major center for blockchain and crypto innovation in Latin America.
Ripple has introduced its On-Demand Liquidity (ODL) product in Brazil through a collaboration with Travelex Bank, enabling faster and cheaper cross-border transactions using XRP.
Despite ongoing challenges with the U.S. Securities and Exchange Commission (SEC), Ripple's strong financial position allows it to prioritize growth over an IPO.