- Ripple and Fenasbac announce Nex, the largest accelerator program.
- The partners hope to onboard many Brazilian fintech innovators.
- These projects will boost blockchain innovation and build ont he XRP Ledger.
Ripple announces its collaboration with Fenasbac to launch the Next accelerator program, the largest accelerator program in Brazil. The project is looking to add more Brazilian Fintech innovators to its program to advance blockchain innovation in the region.
The venture’s main objective is looking to see projects hoping to build on the XRP Ledger in treasury management, payments, lending, and asset tokenization. This is a huge step for Ripple and drives greater bullish expectations for the price of XRP.
In detail, the enterprise blockchain leader Rippke and Fenasbac, and working closely with National Federation of Associationf of Central Bank Services solutions to best leverage blockchain technology such as the XRP Ledger.
Meanwhile, the accelerator program led by Fenasbac is the largest in Brazil’s financial sector. It aims to provide investment opportunities, resources, and mentorship for early-stage fintechs with high potential for growth.
The Managing Director of LATAM at Ripple, Silvio Pegado syas that Ripple is excited to continue its partnership with Fenasbac to empower Brazilian startups in leveraging blockchain technology to address real-world financial challenges.
In addition, he says that as a global leader in financial innovation, Ripple believes that Brazil provides an ecosystem that fosters both progressive policies and technology advancement in blockchain.
He ends his statement saying that Ripple is looking forward to seeing Brazil’s forward-thinking approach as a catalyst for transforming financial services across international markets.
Similarly, the Innovation Director at Fenasbac, Rodrigo Henriques says that the two projects will unite different agents in the sector, promoting a significant transformation in what is being done and discussed. Ultimately, the partnership aims to foster innovative solutions in the blockchain sector.
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