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Ripple Invests in Major Europe-South America Corridor: What’s in It for XRP?

  • Ripple Labs announced a partnership with Portugal’s Unicâmbio to enhance transactions between Portugal and Brazil.
  • XRP surged to $2.52, its highest value since February 7, following the announcement.
  • The collaboration aims to add utility to the XRP Ledger and improve remittances between the two countries.
  • XRP's recent surge is a bounce-back after trading sideways due to market uncertainty and fears of growing inflation.

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