Home Blockchain News Ripple CEO Brad Garlinghouse In Talks With Central Bank Of Brazil

Ripple CEO Brad Garlinghouse In Talks With Central Bank Of Brazil

  • Recently, Brad Garlinghouse along with some senior staff of Ripple met with the Central Bank of Brazil.
  • The virtual meeting took place on May 29, 2020, and lasted an hour.
  • Moreover, there was no disclosure of any particular information apart from the purpose of the meeting, i.e. to discuss the institution matters.

Recently, Brad Garlinghouse along with some senior staff of Ripple met with the Central Bank of Brazil. It is well known that Ripple is an active participant in the blockchain and digital asset ecosystem.

The meeting aimed to discuss institution matters

The virtual meeting took place on May 29, 2020, and lasted an hour. Further, the members who participated from Ripple include Brad Garlinghouse (CEO) and Eric van Miltenburg (Senior VP, Global Operations). Also, Luiz Antonio Sacco (VP of Global Operations and General Director for Latin America), and Ben Lawsky (Member of the Board of Directors) Ben Lawsky (Member of the Board of Directors) were a part too.

 Source: i1.wp.com/www.xrparcade.com

Moreover, there was no disclosure of any particular information apart from the purpose of the meeting, i.e. to discuss the institution matters. Even the press was also not allowed.

On the other side, President Roberto Campos Neto of the Central Bank of Brazil attended the meeting. 

Ripple Looking Forward To Improve Customer-Base In Brazil

Besides this, Ripple launched an office in Brazil a year ago under the guidance of Luiz Antonio Sacco. The main purpose of the launch was to develop customer-base in Brazil and all over South America such as Peru, Chile, and Argentina.

As per Sacco, in December 2019, Brazil represented around 30% of the total volume remittance transaction by using RippleNet. The expectation is that the leading blockchain firm will announce some other partnerships in the coming months. This will majorly include financial institutions like digital banks.

Additionally, Ripple associated with some prominent banks in Brazil last year. It includes Santander Brasil, Redimento, and Bradesco that utilize the company’s payment messaging system.

Download our App for getting faster updates at your fingertips.

en badge web generic.b07819ff

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Partners

Must Read

Is OMG Network Signalling For Consolidation After Retracing and Moving Within Symmetric Triangle

After testing the major resistance level of $3.80, OMG Network faced strong retracement and looking to touch the support level of $3.20...

Compound Gains Around 23.00% From Past Week Charting A Positive Breakout

Compound has made significant price recovery action from the past week after facing a negative breakout below $100.00However, the COMP/BTC pair has...

Litecoin Positive Breakout Arriving To Critical Resistance Point With Strong Positive Hopes

Litecoin positive momentum is now close to the critical resistance area ranging from $75.00 to $80.00 with the help of weekly gain...

Chainlink Breaks Above $14.00 as Altcoins Take Control on The Bullish Run

Chainlink is into making significant price recovery action in the market as it had a positive breakout above the bullish mark of...

Band Protocol Might Be Heading For Significant Recovery Action With a Potential Breakout From Falling Wedge

Band Protocol is currently setting its pace for a potential significant recovery action after reaching a critical support area of $3.80The price...

Polkadot Zooms 7.63% After the Breakout from Bullish Flag Pattern

On the 12-hours chart pattern, Polkadot gives a positive breakout from the bullish flag pattern and hedging towards the target of $5.47...

Related News

Ethereum and Ripple to be Considered as Securities

Gary Gensler will direct one of Joe Biden’s financial regulation teams.Ethereum (ETH) and Ripple (XRP) could be classified as Securities.No comments from...

XRP Bulls Unable to Hold Levels Above $0.260 Signaling for Potential Consolidation

XRP price levels were able to break above the crucial mark of $0.260 on Tuesday's market session as the community had buy-back...

Prosecutors Seek Harsh Sentence for Fraudster Behind Celeb-spruiked ICO

Federal authorities proceed to press charges for a long jail term against Contra Tech’s Robert Fakras on the grounds of fraud ICOHe...

A new Blockchain Project of Germany’s Central Bank is Under Progress

Bundesbank further detailed that the main purpose of Blockchain project is the establishment of an approach towards a decentralized networkA German politician...

Cambodia “Bakong”- A Joint Venture of Central Bank with a Japanese Firm

CBDC(Central Bank Digital Currency) has started its operations in Cambodia on 28th. It was developed jointly by Soramitsu Co Ltd of Japan and...