Ripple-Powered Cross-Border Remittance Platform Launches in Brazil
Brazil-based exchange broker Frente Corretora de Câmbio (The Front Exchange) has launched its fintech collaboration with San Francisco-based startup Ripple. The new blockchain platform, Simple, is designed to allow people in Brazil to send money abroad without the high fees and the slow transaction times that are common among traditional payment rails.
The team behind Simple aims to deliver a robust cross-border remittance solution for everyday Brazilians, such as families with students abroad who are studying and need to receive money to cover basic living expenses.
By The Daily Hodl