• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$27,523.00-1.57%
    BITCOIN
    24H : -1.57%
    Volume : $16,146,623,164.00
    Marketcap : $531,363,059,056.00
  • ethereumEthereum(ETH)$1,739.40-1.76%
    ETHEREUM
    24H : -1.76%
    Volume : $8,324,707,238.00
    Marketcap : $209,572,042,038.00
  • binancecoinBNB(BNB)$322.61-0.38%
    BNB
    24H : -0.38%
    Volume : $418,835,758.00
    Marketcap : $50,883,495,657.00
  • rippleXRP(XRP)$0.4628.23%
    XRP
    24H : 8.23%
    Volume : $1,717,791,056.00
    Marketcap : $23,447,856,394.00
  • cardanoCardano(ADA)$0.353-3.24%
    CARDANO
    24H : -3.24%
    Volume : $275,109,495.00
    Marketcap : $12,379,350,244.00
  • dogecoinDogecoin(DOGE)$0.074-1.95%
    DOGECOIN
    24H : -1.95%
    Volume : $440,476,363.00
    Marketcap : $10,284,583,366.00
  • matic-networkPolygon(MATIC)$1.08-1.04%
    POLYGON
    24H : -1.04%
    Volume : $406,765,922.00
    Marketcap : $9,853,790,378.00
  • solanaSolana(SOL)$20.47-1.66%
    SOLANA
    24H : -1.66%
    Volume : $395,503,201.00
    Marketcap : $7,855,395,043.00
  • polkadotPolkadot(DOT)$5.93-2.91%
    POLKADOT
    24H : -2.91%
    Volume : $145,012,091.00
    Marketcap : $7,207,705,840.00
  • okbOKB(OKB)$41.83-1.97%
    OKB
    24H : -1.97%
    Volume : $30,426,936.00
    Marketcap : $2,520,666,123.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Ripple To Acquire 40% Stake In Asian Payments Processor Tranglo


March 30, 2021 · By JP
XRP (XRP)

Crypto firm Ripple has agreed to acquire a 40% stake in Asian payments specialist Tranglo. The transaction is subject to regulatory approvals is expected to occur sometime this year.

The planned investment is aimed at expanding the reach of Ripple’s On-Demand Liquidity (ODL) service in Asia, which uses XRP for cross-border transactions.

Ripple said Tranglo would play a “critical” role in supporting its existing ODL corridors, such as the Philippines, and introducing new ODL corridors in the Southeast Asian region.

“Southeast Asia’s payments landscape is highly fragmented. Each country comes with its own unique process and payments infrastructure — the lack of a standard integration for regional cross-border payments currently requires expensive workarounds,” said Ripple. “This partnership will see both companies combine their in-depth local expertise to address the challenges associated with cross-border payments.”

The news comes about a week after Brooks Entwistle, a former executive at Goldman Sachs and Uber, joined Ripple as its managing director of Southeast Asia.

Tranglo is based in Malaysia and has processed over 20 million transactions totaling $4 billion in value since its inception, according to its website. The firm has offices in Kuala Lumpur, Singapore, London, Jakarta, and the UAE.

Ripple continues to focus on its business outside the U.S. since the company and two of its executives have been sued by the U.S. Securities and Exchange Commission for allegedly selling XRP without registering it as a security with the agency.

Source: The Block

Primary Sidebar

LATEST NEWS

Terraform Labs co-founder Do Kwon wanted by Interpol arrested in Montenegro

March 23, 2023

SEC sues Tron’s Justin Sun and celebrities for illegally promoting crypto securities

March 22, 2023

Texas house introduces bill supporting Bitcoin economy in the state

March 21, 2023

Belgium cryptocurrency ads must highlight risks under new regulations

March 20, 2023

Crypto Entrepreneur Justin Sun proposes to acquire Credit Suisse for $1.5 billion

March 19, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Arbitrum Airdrop Frenzy: Super Hunters Consolidate Millions in Tokens March 24, 2023
  • Terraform Labs co-founder Do Kwon wanted by Interpol arrested in Montenegro March 23, 2023
  • SEC sues Tron’s Justin Sun and celebrities for illegally promoting crypto securities March 22, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in