Ripple XRP Opens Office in Brazil to Dominate Crypto Remittance

Ripple, the parent company to XRP, has made an effort to crack open the billion-dollar remittance market in South America by opening an office in Brazil.

Billion-Dollar Remittance Industry

The company has been outspoken in the past about targeting developing countries as the primary beneficiaries of crypto remittance. In July 2018, a Ripple executive estimated that the company held 50 percent of the market share for crypto remittance in India,

“We looked early on at India, and...

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