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SIMPLE

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Latin America
2019

Brazil-based exchange broker Frente Corretora de Câmbio (The Front Exchange) launched a fintech collaboration with San Francisco-based startup Ripple. The blockchain platform, Simple, is designed to allow people in Brazil to send money abroad without the high fees and the slow transaction times that are common in traditional money transfer mechanisms. Ripple uses Simple to address the fragmentation and unreliability of current remittances structures.

Sector

  • Remittances
  • Digitalisation
  • Finance

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