- Ripple has expanded into Portugal by partnering with Unicâmbio, enhancing cross-border payments between Portugal and Brazil.
- This move strengthens Ripple’s global network and sets the stage for further European expansion.
Ripple is making big moves in the global payments industry. On February 11, 2025, Ripple President Monica Long announced two major expansions. The company is officially entering Portugal and strengthening the Brazil-Portugal payment corridor.
Ripple Big Entry into Portugal
Ripple is planting its flag in Portugal with the help of Unicâmbio, the country’s top currency exchange provider. This partnership marks Ripple’s first major step into the Portuguese market. Unicâmbio will use Ripple’s payment technology to speed up international transactions.
Corporate customers in Portugal can now enjoy faster, more cost-effective fund transfers. This move also builds on Ripple’s strong presence in Latin America, where it already partners with Travelex Bank and Mercado Bitcoin in Brazil.
Strengthening the Brazil-Portugal Payment Corridor
The Brazil-Portugal corridor is crucial for trade and remittances. By integrating Unicâmbio into its network, Ripple is making cross-border transactions between these two nations faster and more efficient.
Cassie Craddock, Ripple’s Managing Director for the UK and Europe, highlighted Portugal’s thriving crypto ecosystem. She said that connecting Ripple’s networks in both countries will enhance economic ties while cutting transaction costs.
Ripple’s Growing Influence
This expansion comes on the heels of other major Ripple milestones. In December, the company launched RLUSD, further cementing its status as a key player in the U.S. crypto industry.
Looking ahead, Ripple’s influence continues to grow worldwide. Reports suggest that Japan’s SBI Group may soon integrate RLUSD into its digital ecosystem. If these trends continue, 2025 could be a breakout year for Ripple and XRP.
Ripple’s push into Portugal isn’t just a regional move—it’s a sign of bigger things to come. With more institutions joining its network, Ripple is well on its way to reshaping global finance.
