Ripple has launched enterprise payments enabled by cryptocurrency in Brazil.
In Brief:
Ripple has partnered with Travelex Bank to offer On-Demand Liquidity in Latin America.
The XRP digital asset will enable customers to send money across borders.
Travelex is the first bank registered with the Central Bank of Brazil to operate exclusively in ForEx.
What does this mean?
Travelex has selected Ripple to help customers cover the costs of pre-funding. It will support payments between Mexico and Brazil initially.
