Ripple Announces New Blockchain Partnership in Brazil

Bitget App

Trade smarter

Cryptodnes2024/07/31 08:51

By:Cryptodnes

Ripple has announced its participation in Fenasbac's upcoming blockchain accelerator program known as Next.

This program aims to support early-stage fintech companies based in Brazil with high growth potential by providing resources, mentorship and investment opportunities.

By joining the Next blockchain accelerator program, Ripple aims to sponsor two fintech companies that focus on using blockchain technology, specifically XRP Ledger. These companies will develop innovative solutions in areas such as:

Payments
Asset tokenization
Cash Management
Borrowing and lending

Ripple, in collaboration with Fenasbac, will provide these startups with the resources they need to expand and thrive in the crypto economy. This partnership represents the second collaboration between Ripple and Fenasbac to support startups in Brazil, helping them reach their full potential.

Ripple and Fenasbac had previously joined forces in initiatives with the Federal University of Rio de Janeiro (UFRJ) and Polkadot. These initiatives aimed to explore the possibilities of blockchain interoperability solutions for the Brazilian digital currency DREX, with the support of the country’s central bank.

Top Crypto ETF Issuer Boosts Ethereum ETF Transparency with Chainlink

Silvio Pegado, Ripple’s regional director for the LATAM market, highlighted the main goal of the partnership: to support Brazilian startups in building innovative projects that solve real-world financial challenges.

Ripple reportedly sees Brazil’s proactive approach to crypto and blockchain as a key factor in transforming financial services in international markets. The country’s ecosystem is conducive to both technological advancements and the development of progressive blockchain policies, making it an ideal environment for Ripple’s initiatives.

SHARE: 0 SHARES

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Today, Tether published its Q1 2025 attestation report prepared by BDO, confirming total exposure in U.S. Treasuries approaching $120B. Tether also reported over $1B in operating profit from traditional investments during the quarter, driven by solid performance in its U.S. Treasury portfolio. The milestones reinforced the company’s conservative reserve management strategy and highlighted its growing role in distributing dollar-backed liquidity at scale.

Cryptopolitan•2025/05/02 05:56

Automakers like Ford in solid April sales driven by panic buying amid tariff worries

Share link:In this post: Consumers rushed to buy vehicles on fears of potential price hikes due to the Trump tariffs. While there was strong demand which started in March, this started to wane towards the end of April. For Ford, it reported a 16% sales increase in April.

Cryptopolitan•2025/05/02 05:56

Arbitrum offers as much as $100k per report to snitch on wasteful DAOs

Share link:In this post: Arbitrum is offering up to $100,000 in ARB tokens to community members who report DAO grant misuse. The “Watchdog” program encourages confidential whistleblowing via the open-source platform, GlobaLeaks. Severity of violations determines the reward, with a funding cap of 400,000 ARB.

Cryptopolitan•2025/05/02 05:56