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Ripple News Today – dLocal, Ripple’s Partner Rolls Out New Payment Plan for Expansion to the Caribbean and Latin America – October 8th, 2020

  • dLocal, a Member of the RippleNet Network, Has Launched a New Payment Platform for Latin America and the Caribbeans
  • dLocal is Making Good Use of the $200 Million it Got From Investors Less Than a Month Ago 

Ripple News Today – RippleNet has over 300 companies under its umbrella and more are joining the trend because they believe in Ripple’s blockchain and all the products within. As these firms expand, they also help Ripple reach mass global adoption. One of Ripple’s partners, dLocal has just announced an expansion with a payment platform in the Caribbeans and Latin America. The platform will be accessible in all Latin American and Caribbean countries but this is just the beginning as dLocal intends to become a global sensation in the remittance sector.

Ripple News Today – dLocal Will Raise Awareness for Ripple Indirectly

About a month ago, dLocal raised more than $200 Million from investors. At the time, the company noted that the money would be used for aggressive expansion. The expansion in the Caribbean and Latin America is part of this expansion plan. In line with reports from Business Wire, this expansion is just the beginning. The latest expansion is targeted at emerging countries and it has brought the number of countries eligible to 23. There are over 450 partners of this top tier transitional payment services firm. The system is used by more than 2.5 billion customers. The firm isn’t just interested in international remittance. They also offer local payments but both are API-based

Ripple’s partners are no doubt doing well in terms of expansion and development. Ripple is also working hard to become the best financial services firm in the industry or at least in the blockchain industry. Their partnerships and the successful expansion of their partners contribute to promoting global adoption of the Ripple blockchain but the same cannot be said about the XRP token.

For the last few years, the XRP token has been bearish against the USD. Toward the second quarter of the year 2020, the XRP price prediction was bearish and the token made significant progress. Unfortunately, things have taken a bearish turn and the token will most likely keep falling if it doesn’t gather momentum soon. At the time of writing, the price I’d the XRP token was $0.249963. It was up by 1.02% against the USD and down by 1.53% against Bitcoin BTC. The trading volume over a 24 hour period was $1,949,386,973 and the market capitalization was $11,288,923,311.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

Source
Smartereum

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