Ripple expands its payments network by integrating Unicâmbio, Portugal's largest currency exchange provider, strengthening the Portugal-Brazil payment corridor and enhancing the practical use of XRP for transaction settlements.
Ripple significantly increases the issuance of its RLUSD stablecoin to meet growing demand, minting over 10 million RLUSD tokens in recent days.
Unicâmbio's corporate customers will now have access to Ripple Payments, enabling fast and cheaper funds transfers, utilizing XRP for transaction settlement and reducing settlement time.
Ripple's XRP price increased modestly by 5% amid the expansion news, standing at $2.47, with targets of $8 predicted for this year by analysts.