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Ripple Partners Tranglo to Expand ODL Services in Asia

Published 03/30/2021, 07:21 AM
Updated 03/30/2021, 07:30 AM
Ripple Partners Tranglo to Expand ODL Services in Asia
XRP/USD
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  • 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...

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