Brazil’s Fenasbac Chooses Ripple’s XRP Ledger for Fintech Innovation

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Ripple partners with Fenasbac to foster Brazil’s fintech innovation.
XRP Ledger (XRPL) to power fintech startups in Fenasbac’s accelerator.
Collaboration aims to transform Brazil’s financial landscape via blockchain.

Ripple, a leader in enterprise blockchain and crypto solutions, has partnered with Brazil’s National Federation of Associations of Central Bank Servers (Fenasbac) to drive fintech innovation in the country. The collaboration will focus on Fenasbac’s “Next” blockchain accelerator program, as announced in a press release.

Recognizing Brazil’s favorable regulatory environment and strong developer community, Ripple sees the country as a prime target for investment in blockchain technology and financial services innovation. Silvio Pegado, Ripple’s Managing Director of LATAM, commented:

“As a global leader in financial innovation, we believe Brazil provides an ecosystem that fosters both technology advancement and progressive policies in blockchain. We see Brazil’s forward-thinking approach as a catalyst for transforming financial services across international markets.”

Fenasbac’s Next program aims to support burgeoning fintech companies …

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