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Ripple partners with Mercado Bitcoin to boost cross-border payments in Brazil

  • Ripple has partnered with Mercado Bitcoin to enhance cross-border payments in Brazil using blockchain technology.
  • Mercado Bitcoin will be the first client in Brazil to adopt Ripple's payment system for treasury operations between Brazil and Portugal.
  • Ripple's solution will initially focus on institutional transactions, with plans to extend to corporate and retail users in the future.
  • Ripple sees Brazil as an important player in the crypto market due to its progressive regulations and broad adoption.

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