Ripple Expands European Presence with Unicâmbio Partnership, Enabling Instant Cross-Border Payments Between Portugal and Brazil

Ripple Expands European Presence with Unicâmbio Partnership, Enabling Instant Cross-Border Payments Between Portugal and Brazil

Ripple, a global leader in digital asset infrastructure for financial institutions, has announced a strategic partnership with Portuguese currency exchange provider Unicâmbio to facilitate instant cross-border payments between Portugal and Brazil. This collaboration marks the first time Ripple Payments, the company’s digital asset-powered solution, is available in Portugal—further strengthening Ripple’s European expansion and reinforcing the economic corridor between the two nations.

By integrating Ripple’s blockchain-powered payments solution, Unicâmbio’s corporate customers can now transfer funds and settle payments within minutes, dramatically reducing transaction times, costs, and inefficiencies associated with traditional cross-border transfers.

A Milestone in Ripple’s European Expansion

“Our partnership with Unicâmbio is a significant step in Ripple’s growth across Europe,” said Cassie Craddock, Managing Director, UK & Europe at Ripple. “Portugal has developed a thriving crypto ecosystem, and we’re excited to introduce our payments solution to this market. By bridging payment networks in Portugal and Brazil, we’re enabling faster, more cost-efficient cross-border transactions while reinforcing the strong economic ties between these two regions. Ripple has over a decade of experience in tokenizing real-world assets, starting with bringing fiat currencies on-chain to streamline global money movement. As the demand for efficient cross-border payments continues to grow, more financial institutions like Unicâmbio are turning to blockchain technology to unlock new efficiencies.”

Revolutionizing Payments Between Portugal and Brazil

Portugal and Brazil share deep-rooted economic and cultural connections, with significant financial flows between the two countries. Adriana Jerónimo, Executive Board Member at Unicâmbio, highlighted the impact of this partnership:

“By leveraging blockchain technology, we are transforming the way money moves between Portugal and Brazil. Ripple’s crypto-enabled payments solution offers near-instant settlement and significantly reduces costs compared to traditional channels, bringing real value to our customers.”

Building on Ripple’s Strong Presence in Latin America

This collaboration builds upon Ripple’s established footprint in Brazil, where it has partnered with key industry players such as Travelex Bank, a Ripple partner since 2022, and Mercado Bitcoin, Latin America’s largest cryptocurrency exchange, which joined Ripple’s network last year.

With a secure, compliant, and scalable digital asset infrastructure, Ripple provides financial institutions with the essential tools to tokenize, store, exchange, and move digital assets seamlessly. Ripple Payments boasts near-global coverage, with 90+ payout markets covering over 90% of daily FX transactions, processing more than $70 billion in volume. Backed by over a decade of expertise in the digital asset space and holding 60+ regulatory licenses and registrations across various jurisdictions, Ripple continues to lead the way in transforming global payments.