- Ripple has partnered with Tranglo.
- Under the partnership, Ripple has acquired a 40% stake in Tranglo.
- Ripple will use the 40% stake to expand its RippleNet ODL services in Asia.
Ripple has announced its partnership with the Asian online payment specialist Tranglo. Through this collaboration, Ripple has acquired more than 40% stake in Tranglo.
According to Ripple, it will use the said amount to increase exposure and expand RippleNet’s On-Demand Liquidity (ODL) services in Asia. As a result, this will help Ripple to boost its P2P crypto services in terms of cross-border transactions.
Furthermore, once Ripple starts the ODL services, XRP will mainly function as a core bridge between fiat and cryptocurrencies in terms of payment. Consequently, this will minimize transaction risks and working capital ne...
This article was first published on coinquora.com