Ripple has announced a partnership with Portugal-based currency exchange provider Unicâmbio to enable instant cross-border payments between Portugal and Brazil powered by Ripple Payments.
Planting the Ripple flag in Portugal today with Unicâmbio, our first Portuguese client and the country’s leading currency exchange provider! Using Ripple Payments, their corporate customers can now move funds near instantly between 🇵🇹 & 🇧🇷. https://t.co/ruOdZnHtAT
— Ripple (@Ripple) February 10, 2025
The Ripple Payments solution leverages crypto assets including XRP to facilitate cross-border payments at high speeds at low costs. According to Ripple, the solution covers 90% of the global foreign exchange market and has facilitated $70 billion in transaction value so far across 35 million transactions.
The partnership with Unicâmbio marks Ripple Payments’ debut in the Portuguese market, making it an important step in establishing Ripple’s presence in Europe.
Adriana Jerónimo, a member of Unicâmbio’s executive board, commented on the partnership with Ripple:
“By leveraging blockchain technology we’re transforming money movement between the two nations. Ripple’s crypto-enabled payments solution enables near-instant settlement and drastically reduces costs compared to traditional payments channels, delivering real value to our customers.”
How high can XRP go in 2025?
After multiple years of disappointing price action, XRP exploded in value late last year following Donald Trump’s victory in the U.S. presidential election.
The reason why Trump’s victory was a major contributor to XRP’s rally is that U.S. securities regulator SEC, which currently has an ongoing lawsuit against Ripple revolving around the XRP cryptocurrency, is expected to take on a much more crypto-friendly stance under the new administration. This has also increased the likelihood of an XRP ETF launching in the United States market.
On top of the expectation of a more favorable regulatory environment, Ripple has been making moves that are expected to increase the utility and liquidity of the XRP Ledger. Ripple has been especially interested in projects that allow RWAs (real-world assets) such as stocks and bonds to be tokenized and traded on the XRP Ledger. Recently, we covered a new partnership between Ripple and Ondo, which has brought tokenized U.S. treasuries to the XRP Ledger.
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The combination of these bullish factor has led to optimism about XRP’s future price performance. The XRP price prediction algorithm on CoinCodex is forecasting XRP to reach $4.07 in 2025, which would represent a 67% increase compared to the coin’s current price.
Source: https://coincodex.com/article/62760/ripple-secures-major-new-partnership-in-europe-is-5-xrp-possible-in-2025/