Ripple joins Fenasbac accelerator program to boost blockchain innovation in Brazil

Odaily News Ripple has announced a partnership with the National Federation of Central Bank Server Associations of Brazil (Fenasbac) to drive blockchain fintech innovation in Brazil through the Next accelerator program. The joint effort will "support the development of scalable financial services solutions that best leverage blockchain technology, such as the XRP Ledger, a decentralized layer-one blockchain built for enterprise." Next, led by Fenasbac, is described as "the largest accelerator program in Brazil's financial sector, providing mentorship, resources, and investment opportunities to early-stage fintech companies with strong growth potential." Ripple will support two fintech companies that are developing scalable solutions that leverage blockchain technology in areas such as treasury management, asset tokenization for payments, and lending.