MUFG Bank, Banco Bradesco Sign Memorandum of Understanding To Develop A New Cross-Border Payment Service

[ZeeperCreeper 867]

This will likely hit the news soon!

[Yodaxrp 1,286]

Great news as Bradesco client!!! Hope they'll also reduce actual horrible charges by receiving international transfers!

Edited November 9, 2018 by Yodaxrp

[Let_her_Ripple 265]

In 2016, Japan and Brazil exchanged the equivalent of USD756,000,000 in remittances.. (USD571,000,000 sent to Brazil and USD185,000,000 received from).

Compare that with US <-> Phillippines @ USD10,000,000,000 and it doesn't look like much, but the continued progress is great!

http://www.pewglobal.org/interactives/remittance-map/

[Guest]

6 minutes ago, Let_her_Ripple said:

In 2016, Japan and Brazil exchanged the equivalent of USD756,000,000 in remittances.. (USD571,000,000 sent to Brazil and USD185,000,000 received from).

Compare that with US <-> Phillippines @ USD10,000,000,000 and it doesn't look like much, but the continued progress is great!

http://www.pewglobal.org/interactives/remittance-map/

It all adds up for liquidity purposes! 

[itcdominic 1,568]

I think I can, I think I can, I think I can,

 

[Yodaxrp 1,286]

5 minutes ago, FixnUrPowerline said:

It all adds up for liquidity purposes! 

Exactly, and if this corridor should work pretty sure Bradesco will enter also in USD and Euro corridors.

[itcdominic 1,568]

Just now, itcdominic said:

I think I can, I think I can, I think I can,

 

I think I see @Hodor

[Zerp_Legend 20,337]

Joel Katz once said that Brazil may be another corridor that will come after php

[enrique11 1,486]

Bradesco?  Sounds like Italian for 'Brad'...no wonder they like Ripple.. ;P

[Testudo 32]

Supposed to be "working on" or completed in 2017?

[ZeeperCreeper 867]

13 minutes ago, Testudo said:

Supposed to be "working on" or completed in 2017?

MUFG joined ripplenet in 2017, this is a future endeavor with another bank.

Edited November 9, 2018 by ZeeperCreeper

[slinuxuzer 1,090]

Banco Bradesco - Second largets bank in Brazil, 108,000 employees, 74 Billion in revenue

All research projects should start with WikiPedia, just saying.

https://en.wikipedia.org/wiki/Banco_Bradesco

[Amigo 1,562]

16 hours ago, ZeeperCreeper said:

This will likely hit the news soon!

And you were very right, just confirmed by Ripple themselves through a tweet !

 

Edited November 10, 2018 by Amigo

[liquid153 93]

So will they use xCurrent or xRapid?

[Guest]

2 hours ago, liquid153 said:

So will they use xCurrent or xRapid?

xCurrent and xVia can settle in xRapid. Ripple are converging all their products into one