Saturday, September 21, 2024
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Ripple: Acquires 40% Stake in Asia’s Leading Cross-Border Payments Specialist Tranglo

  • Tranglo a global cross-border payment processing hub that supports business payments, mass payout, payment collection
  • Ripple provides one frictionless experience to send money globally using the power of blockchain technology
  • Ripple  announced that it agreed to acquire 40% of Asia’s leading cross-border payments specialist Tranglo
  • This partnership allows Ripple to meet growing customer demand in the region and expand the reach of On-Demand Liquidity (ODL)
  • Tranglo play a critical role in supporting existing corridors, such as the Philippines, and introducing new ODL corridors
  • Ripple’s investment in Tranglo a reflection of the company’s deepened commitment to enriching the payments ecosystem

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