Introducing Ripple's Brazil Fund: Fostering XRP Ledger Innovation in Brazil
Published: 2024-05-15 12:11:50


In the dynamic landscape of Brazil lies fertile ground for innovation, where startups continue to thrive and pioneering ideas take root. It is within this vibrant community that Ripple proudly unveils its local support strategy, a dedicated initiative aimed at fostering innovation on the [XRP Ledger](https://xrpl.org/) within Brazil.

The Brazilian government has already begun to demonstrate a keen interest in the transformative potential of blockchain technology through initiatives like the [Banco Central do Brasil (BCB)’s Regulatory Sandbox](https://www.bcb.gov.br/en/financialstability/regulatorysandbox). Building on this momentum, the [XRPL Grants Program](https://xrplgrants.org/) has actively begun supporting two pioneering projects originating within Brazil.

Ripple is proud to support teams building Web3 projects in Brazil on the XRP Ledger. Thanks to the country’s advanced developer ecosystem, sophisticated digital payments infrastructure and forward-thinking public policy regarding the tokenization of capital markets, Brazil is the first country that Ripple has chosen to implement its local support strategy in. 

By working closely with partners on the ground, we have identified blockchain startups who have effectively found product-market fit and are ready to scale with the support of the XRPL Grants Brazil Pilot Program. By showcasing these promising companies, we intend to help accelerate the growing XRPL developer ecosystem in Brazil.

The XRPL Grants program is dedicated to providing expanded support to Brazil based-projects  through a Brazil-specific community fund to help empower Brazilian startups to develop solutions that leverage the XRPL and EVM Sidechain.

Are you a Brazil-based software developer or entrepreneur seeking to leverage blockchain technology? Join us as we chart a course towards a future where innovation knows no bounds and the XRP Ledger serves as the cornerstone of a more inclusive and equitable financial landscape. We encourage you to [submit an application](https://submit.xrplgrants.org/submit) on the XRPL Grants website for consideration utilizing the Brazil Application form. (_The global Rolling Application form is also open and available to those outside of Brazil._) 

XRPL Grants’ recently awarded grants to two innovative Brazil-based projects to continue building on the XRP Ledger

- **goAssets**: [goBlockchain](https://goblockchain.io/) has created an elegant and compliant white-label product for tokenizing real-world assets.
- **Cointimes**: [Cointimes](https://cointimes.com.br/) has built an innovative x-to-earn browser plug-in that sends users blockchain-based micropayments in exchange for ad views, product demos, and purchases. 

The XRPL Grants Program has also previously funded other projects in Brazil, with these projects highlighting the XRPL Grant Program’s commitment to developing the Web3 ecosystem in Brazil. These projects include:

- **Amora**: Amora is a [Shopify App](https://apps.shopify.com/amora) that will allow merchants to mint XLS-20 NFTs on the XRPL, associate those NFTs to token-gated campaigns, and reward customers. 
- **Cryptum**: [Cryptum](https://blockforce.in/products/cryptum) is an API/SDK platform for integrating the XRPL with any application. 
- **ThingsGo.Online**: [ThingsGo.Online](https://thingsgo.online/) is a pioneering platform that encourages, rewards, and enhances access to sustainable actions and projects. It measures, reports, and validates sustainable actions using IoT devices and blockchain technology, ensuring transparency and trust. Its unique circular economy model utilizes tokens that can be exchanged for benefits or other assets.
- **XRPL Elixir**: An Elixir-based RPC library (XRPC) that allows [Elixir](https://map.xrpl-commons.org/projects/xrpl-elixir) developers to easily integrate with XRPL blockchain HTTP APIs.

These are just a few examples of how the XRPL Grants Program isfostering innovation in Brazil. By empowering these startups, the XRPL Grants Program is helping to support companies focused on developing a more efficient, inclusive, and sustainable financial future for the entire country.

The XRPL Grants’ new and improved application process has truly helped to accelerate the process of providing grants to promising projects developing within the XRP Ledger space and beyond. This new process can be seen on the [XRPL Grants’ website](https://xrplgrants.org/), with dedicated personnel standing by to answer any questions you may have or to guide you through an application. 

Explore the [XRPL Developers Discord](http://xrpldevs.org/), the [XRP Ledger Learning Portal](https://learn.xrpl.org/course/code-with-the-xrpl/), and the extensive documentation available on [XRPL.org](https://xrpl.org/). You can also participate in [XRPL Community Events and Hackathons](https://xrpl.org/events.html) to engage with like-minded individuals and stay abreast of the latest developments in the XRPL ecosystem.