Unicâmbio Taps Ripple to Accelerate Payments Across Borders
Unicâmbio partners with Ripple to enable quick, trackable cross-border payments between Portugal and Brazil. Ripple’s technology provides Unicâmbio real-time transparency and extensive network access for global transfers. Unicâmbio, one of the big names in the Portuguese currency exchange industry, has officially adopted Ripple Payments, a blockchain-based cross-border payment system known for its speed and cost-effectiveness.
Imagine the scenario: you send money to your hometown in Brazil via Unicâmbio, and the funds arrive in seconds. In the past, this was merely a dream. Now, it’s a reality. Not only is it fast, but users can also track the transaction status in real-time. No need to anxiously wait for notifications asking “Have you arrived yet?”
Moreover, this partnership is projected to support payment channels worth up to $150 billion, indicating Unicâmbio’s seriousness in selecting partners. Ripple, a renowned global payment solution, is deemed highly suitable to meet the demands of an increasingly instantaneous era. According to Adriana Jerónimo from the Unicâmbio executive board, they sought reliable technology with a broad network, and Ripple met all those criteria. They already had a presence in Brazil through partnerships with Travelex Bank and Mercado Bitcoin. Just plug it in, and it works.
Meanwhile, Ripple is expanding its partnerships globally. Several major US banks, including JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo, are considering using Ripple for their combined stablecoin. This signifies Ripple’s growing trust at a broader level beyond retail businesses.
In addition, on May 19, 2025, Ripple announced a partnership with Zand Bank and fintech Mamo in the United Arab Emirates to facilitate faster, easier, and less complicated cross-border money transfers. This comes shortly after Ripple obtained a license from the Dubai Financial Services Authority. In early April 2025, Ripple also acquired Hidden Road, a significant broker in the institutional sector, for $1.25 billion, aiming to integrate their trading platform directly into the XRP Ledger.
As of the current time, XRP is trading at approximately $2.20, up 1.36% in the last 24 hours, with a daily trading volume of around $2.26 billion.
