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Cross-border payment giant Ripple has officially expanded into Brazil with its new Mercado Bitcoin partnership. Indeed, the film announced that its Ripple Payments solution is set to broaden its reach to the South American nation through its new collaboration with the aforementioned crypto exchanges. Ripple has continuously sought to expand its footprint throughout the globe. Despite its ongoing regulatory scrutiny in the United States—emphasized by the US Securities and Exchange Commission’s (SEC) recent appeal—it has recently expanded to the United Arab Emirates (UAE), and now Brazil. JUST IN: Brazil's largest crypto exchange Mercado #Bitcoin partners with Ripple to offer cross-border payments. — Watcher.Guru (@WatcherGuru) October 3, 2024 Also Read: Ripple: What’s The Value Of A $1000 Investment If XRP Hits $5? Ripple Payments Partners With Brazil’s Largest Crypto Exchange There are few companies in the digital asset sector with as much promise as Ripple. The firm...

23 countries have formally submitted their applications to join the BRICS alliance before the 2024 summit. The countries hail from Asia, Africa, and South America and are all emerging economies that want to use local currencies for trade instead of the US dollar. Find out how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: XRP in September: Buy or Sell? Find What Experts Think Inside! The development indicates that the bloc is lucrative to emerging economies as it provides a solution to help their local currencies grow. The BRICS alliance is at the forefront of the de-dollarization agenda, and developing countries are finding the initiative productive. Apart from 23 countries officially submitting their applications to join the bloc, 24 nations have informally expressed their interest in joining the BRICS alliance. Thus, the total number of countries willing to join BRICS has grown to 47. Also Read: Shiba Inu Member Explains How SHIB Can Reach...

The BRICS, led by Brazil, Russia, India, China, and South Africa, is set to expand further, increasing its commodity dominance. Thailand, a major rice exporter, has expressed its intention to join the group, aiming to enhance its global presence. Notably, the country’s government finalized plans to submit its application, potentially becoming the first Southeast Asian member of BRICS. Nikkei Asia reported this international finance and political development on May 29. Thailand’s decision to join BRICS highlights the bloc’s growing influence among emerging nations and commodity producers . With the recent addition of the United Arab Emirates, Iran, Ethiopia, and Egypt in January, BRICS has strengthened its position. Essentially, the group’s expansion challenges the dominance of developed economies, such as the United States, European Union, and United Kingdom. Picks for you ...