After MENA and APAC, this is the region Ripple could be looking at next

ambcrypto.com:

Ripple, the San Francisco-based blockchain company, has admittedly seen more success and received warmer welcomes abroad than within the USA. So naturally, many investors and XRP-holders want to know where the company is looking at next to launch new projects and partnerships. And to that end, a statement by the company published on 20 April suggests where Ripple might be focusing in the near future.

Ripple’s report pointed out that the Latin American payments industry suffered from low interoperability due to fragmentation. However, Ripple noted that crypto adoption was growing in the region, with central banks looking at blockchain technology, crypto exchanges supporting sports teams, and residents depending on the US dollar for liquidity. In particular, Ripple cited Brazil as an example and said,

“Because Brazil is often a leader in Latin America in the adoption of new technology, it’s worth noting that the country is driving smart and progressive crypto use and regulation.”

It added,

“Brazil’s central bank has also been ahead of the curve in showing public-facing interest in the potential of DeFi, NFTs and even the metaverse.”

The wording is significant. After all, Ripple has already launched projects in the Asia-Pacific and Middle East/North Africa region. What’s more, this would not be Ripple’s first rodeo in the LatAm region, after the payment company Paydek  announced it was leveraging the RippleNet to amp up it presence in Latin America.

Now, investors should watch to see if  Ripple’s next CBDC partnership or RippleNet integration could be based in the region.

That being said, Ripple isn’t the only blockchain company on the block looking to expand its activities in foreign countries. Cardano founder Charles Hoskinson