Ripple Launching XRP-Fueled Payments Service in Brazil in Partnership With Latin American Bank

Payments platform Ripple Labs is teaming up with Travelex Bank in Brazil to bring XRP-based remittances to the seventh most populous nation in the world. According to a new press release, the San Francisco-based firm says that the partnership makes Travelex the first bank in Latin America to utilize RippleNet’s On-Demand Liquidity (ODL) protocol.