Transactions include Bexs Banco (Forex) and Bexs Pay (Payment), subject to regulatory approval
Ripple base As Ripple’s partner Bexs signs a new deal with Ebury, remittances could soon expand further to Latin America.
Ebury, a provider of corporate banking services for internationally traded SMEs backed by Santander Bank, has agreed to purchase Bexs in a move to expand its international payment services to Latin America, especially Brazil. ..
News and Guessing: Acquired by Ebury # Ripple Partner Bexs expands and supports online transfer solutions for small businesses. Will be integrated into Ebury.But Ebury was recently controlled by # Ripple Partner Santander ..
1/3 https: //t.co/SAJJfZIYtF
— WrathofKahneman (@WKahneman) May 11, 2022
Subject to regulatory approval, the transaction will include Bexs Banco (forex) and Bexs Pay (payment), expanding Ebury’s international remittance options for small businesses. Bexs also supports companies selling products online in Brazil, especially markets, applications and software companies with digital services.
Brazil-based Bexs Banco, which handles payments for cross-border e-commerce for millions of customers, joined RippleNet in 2017 to connect with member banks in North America, Europe and Asia. Ebury is also backed by Ripple’s partner Banco Santander. This partner works with Ripple to provide customer feedback on the international payment process.
Brazil continues to be a leader in the adoption of new technologies in Latin America, promoting the use and regulation of progressive cryptography. Brazil stated in March 2022 that it had selected nine initiatives to advance its quest for the development of the Central Bank Digital Currency (CBDC), demonstrating its strong desire for a digital future. The Central Bank of Brazil has similarly been ahead of its time in expressing public interest in the potential of DeFi, NFTs and even the Metaverse.
In Latin America, the mainstream use of digital assets is accelerating, led by FinTech in Brazil.Based in Brazil NubankOne of the world’s largest digital banking platforms, has recently announced that it will offer the ability to buy, hold and sell cryptocurrencies using Paxos.
In a recent update shared by defense counsel James K. Polk on the Ripple v. SEC proceedings, Ripple’s response to the SEC’s summary that Hinman documents are protected by lawyer / client privileges is scheduled for Friday, May 13. It has been. The SEC’s response to Ripple’s response is due by May 18.