"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. We've spent more than a decade building the trust, licensing, and technology required to operate in regulated markets."
"XRP supplanted BNB as the fourth largest cryptocurrency in market cap, with XRP's market cap at about $93 billion, whereas BNB's market cap was closer to $92 billion. Ripple announced it would be expanding in Brazil, providing a suite of financial services, including cross-border payments, digital asset custody, prime brokerage, and treasury management."
XRP surpassed BNB to become the fourth largest cryptocurrency by market capitalization, reaching approximately $93 billion compared to BNB's $92 billion. Ripple, which owns about 40% of XRP's supply, announced plans to expand into Brazil by offering cross-border payments, digital asset custody, prime brokerage, and treasury management services. The company intends to apply for a license with Brazil's central bank. This expansion reflects Ripple's decade-long strategy of building trust and obtaining licenses to operate in regulated markets. The announcement follows Ripple's $750 million share buyback program that valued the company at $50 billion, demonstrating growth despite sector turbulence. Bitcoin and Ethereum remain the top two cryptocurrencies.
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