🔥🇧🇷 Ripple looks to expand crypto and payment services in Brazil
Ripple is expanding its digital asset services in Brazil while preparing to apply for a license with the country’s central bank, a move that would place it under the nation’s new crypto framework.
The company is rolling out an integrated platform for banks and fintechs that combines cross-border payments, crypto custody, brokerage and treasury tools. Ripple also plans to apply for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil (BCB), in line with the country's new virtual asset regulatory framework.
"Latin America has always been a priority market for Ripple — not just because of the scale of the opportunity, but because Brazil has built one of the most advanced and forward-thinking financial ecosystems in the world,” said Monica Long, President at Ripple. "We've spent more than a decade building the trust, licensing, and technology required to operate in regulated markets. Now, with our expanded platform, we can meet institutions across the region with everything they need to compete in the modern financial system."
