Ripple secured an important partnership in Brazil with Mercado libre, the major exchange in the country on cross border payments. This cooperation will let Mercado libre use ripple technology on payments across Brazil and outside the nation.
It's peculiar how a company can have more popularity and partnership across the universe than in its own domain nation, the US, where actual received an appeal notice by SEC that they don't gave up their case against placing XRP as a security. Ripple have been securing deals after deals all across the globe and it seems middle east is their preferred playground.
This new partnership will enhance Ripple presence in Brazil, one of the best economies is the region and out their services to be used by many people who actual need to make cross border payments.
Brazil acceptance on cross border payments is a big step towards crypto as it demonstrate that decentralized assets can also be a very important approach in day to day usecase. Remember:
CONTENT IS KING!
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