According to Techub News, according to Bitcoin.com, Ripple recently launched a fund for Brazil to support local projects using XRPL as a tool to enhance their capabilities.
Julia Heitner, program manager for XRPL grants, said Brazil is the first country to implement this local program due to different factors that support blockchain initiatives. The country's strengths include "a developer ecosystem for cash, a sophisticated digital payments infrastructure, and forward-looking public policies regarding the tokenization of capital markets." While the company did not specify the amount allocated to this pilot fund, typically projects that apply for XRPL grants can receive funding between $10,000 and $200,000. The XRPL grants website clearly states that awards of $100,000 and above are usually destined for developers who have previously completed similar projects.
