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Ripple Unveils Two Key Payment Expansions—Here’s What to Expect

  • 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.

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