Altcoins
XRP in Focus as Ripple Expands Partnership with National Federation of Central Bank Server Associations
Ripple is expanding its alliance with the National Federation of Central Bank Server Associations (Fenasbac) to promote the use of the XRP Ledger in Brazil.
Ripple disclosed Details of this latest collaboration were revealed on Monday on its official website. The report highlights that the synergy with Fenasbac aims to promote the development of efficient financial solutions that more satisfactorily exploit networks such as XRP Ledger technology.
Ripple Finance Companies That Make the Best Use of XRP Ledger
Fenasbac notably leads Next, the largest acceleration program in the Brazilian financial landscape. Next offers emerging fintechs solid growth potential with resources, mentoring and investment opportunities.
Through the Next accelerator program in Brazil, Ripple plans to fund two fintech companies that are working on scalable blockchain-based solutions for various applications. These include asset tokenization payments, treasury management, and lending and borrowing.
As a key contributor to XRPL, Ripple continue to support global teams using the XRP blockchain to develop solutions that will create a more efficient and inclusive financial system.
Earlier this month, Ripple applications open for emerging companies in Japan and Korea using XRPL to seek grants.
Ripple and Fenasbac in second phase of alliance
It is worth noting that this latest announcement marks the second partnership between Ripple and Fenasbac. It is a continuation of collaborative research efforts with Polkadot and the Federal University of Rio de Janeiro.
These initiatives focus on exploring blockchain interoperability solutions for Brazil’s digital currency (DREX) in collaboration with the country’s central bank. Brazil stands out as Ripple’s top choice for targeted investment due to its developer community, digital currency policies, and advanced payment infrastructure,
Silvio Pegado, Ripple’s general manager for Latin America, expressed his excitement about expanding the collaboration with Fenasbac, which aims to support Brazilian startups using blockchain to solve practical financial problems.
He highlighted Ripple’s belief that Brazil offers an environment conducive to technological innovation and progressive blockchain policies. Ripple views Brazil’s visionary position as essential to revolutionizing financial services globally.
Rodrigo Henriques, Director of Innovation at Fenasbac, said he is proud to engage in the global market and serve as an entry point into the financial innovation landscape in Brazil. Henriques emphasized that the collaboration with Ripple underscores their dedication to advancing blockchain and promote solutions that have a positive impact on society.
Fenasbac is a company with over fifty years of history. Originally, it focused on providing financial services to central bank employees. However, it has evolved to become a leader in financial innovation. This transformation includes the development and management of ecosystems such as Lift and Next.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-