Ripple is moving into South American markets with the hiring of Luiz Antonio Sacco to spearhead Brazil's market. The firm says they have inked 2-3 new financial institution contracts per week on RippleNet and had more transactions in Q1 2019 than all of 2018. Ripple is looking at Peru, Chile, and Argentina for further growth and has invested in Brazilian universities like the University of São Paulo and Fundação Getulio Vargas.