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XRP Gains Momentum with Ripple’s Expansion in Portugal and Brazil

Wed, 12 Feb 2025, 01:31 am UTC

XRP Gains Momentum with Ripple’s Expansion in Portugal and Brazil. Source: Image by Miloslav Hamřík from Pixabay

Ripple has expanded its European presence through a new partnership with Unicâmbio, a leading Portuguese currency exchange provider. This collaboration will facilitate crypto-powered cross-border payments between Portugal and Brazil via Ripple Payments, enabling Unicâmbio’s corporate clients to conduct transactions faster and with lower fees. Given the strong economic ties between the two nations, this partnership significantly enhances XRP adoption by integrating it into Ripple’s payment infrastructure for liquidity and seamless settlements.

Meanwhile, Shiba Inu (SHIB) has seen significant on-chain activity despite its stagnant price. Arkham Intelligence data reveals that an unknown wallet, possibly linked to Coinbase, withdrew approximately 151.61 billion SHIB ($2.41 million) over five days. The lack of previous activity suggests a potential accumulation by a large investor or internal exchange operations.

Additionally, Bitcoin witnessed high-volume movements on Kraken, with Whale Alert reporting $641.8 million in BTC transfers. A notable withdrawal of 2,000 BTC ($193.5 million) was recorded, alongside two large deposits totaling 4,664 BTC ($448.4 million). Prominent financial author Robert Kiyosaki recently reaffirmed his belief in Bitcoin as a safe-haven asset, citing its advantages over fiat currency. Glassnode data further indicates a surge in retail Bitcoin purchases, with investors accumulating BTC at a rate 72% higher than before.

These developments underscore growing institutional and retail interest in crypto, with XRP, SHIB, and BTC all witnessing substantial movement. As adoption accelerates, market dynamics may shift, reinforcing digital assets’ role in global finance.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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