{"id":13475,"date":"2022-04-11T14:56:53","date_gmt":"2022-04-11T14:56:53","guid":{"rendered":"http:\/\/egrowonline.com\/?p=13475"},"modified":"2022-04-11T14:56:53","modified_gmt":"2022-04-11T14:56:53","slug":"ripple-partner-tranglo-launches-payment-options-to-expand-coverage-via-ripplenet","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=13475","title":{"rendered":"Ripple Partner Tranglo Launches Payment Options to Expand Coverage via RippleNet"},"content":{"rendered":"


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Ripple investment partner\u00a0Tranglo<\/a> says it has launched an all-in-one business payment solution, ”Tranglo Business,” that helps businesses send and receive global payments quickly.<\/p>\n

Earlier, Tranglo announced<\/a>\u00a0teaming up with Ripple to use the latter’s on-demand liquidity (ODL) technology across its 25 payment corridors, allowing remittance providers to handle real-time cross-border payments without the need to prefund.<\/p>\n

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#Ripple<\/a> investment and partner, Tranglo. https:\/\/t.co\/cokDK4sxRW<\/a><\/p>\n

\u2014 WrathofKahneman (@WKahneman) April 11, 2022<\/a><\/p><\/blockquote>\n

Ripple’s ODL uses the digital currency XRP to serve as a bridge between the two currencies and runs on Ripple’s global financial network, RippleNet. Users can cut operational costs and free up money by eliminating prefunding of destination accounts.<\/p>\n

Ripple<\/a> bought a 40% share in Tranglo last year, making it one of the major providers of enterprise blockchain solutions for cross-border payments. Tranglo’s ODL pilot, which began in September 2021 and completed 250,000 transactions totaling $48 million in the first 100 days, paved the way for the move.<\/p>\n

Australia, Japan, the Philippines\u00a0and Singapore are among the markets that use RippleNet to conduct ODL transactions, with more being added over time.<\/p>\n

Tranglo, a cross-border payment gateway with offices in Kuala Lumpur, Singapore, Jakarta, Dubai\u00a0and London,\u00a0was founded in 2008. Its global network includes 2,500 mobile operators, 1,300 banks\/wallets\u00a0and 130,000 cash collection sites across more than 100 countries.<\/p>\n

Despite an ongoing lawsuit in the United States, Ripple has been able to spread its cross-border payment system outside of the United States.<\/p>\n

Ripple’s remittance technology has grown in popularity over the last several years as a result of its lower prices and faster transactions than traditional payment gateways. As previously reported by U.Today, the Clearing House, a Ripple partner, and Wells Fargo are currently in talks to develop a SWIFT replacement.<\/p>\n<\/div>\n


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Ripple investment partner\u00a0Tranglo says it has launched an all-in-one business payment solution, ”Tranglo Business,” that helps businesses send and receive global payments quickly. Earlier, Tranglo announced\u00a0teaming up with Ripple to use the latter’s on-demand liquidity (ODL) technology across its 25 payment corridors, allowing remittance providers to handle real-time cross-border payments without the need to prefund. […]<\/p>\n","protected":false},"author":1,"featured_media":13476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[7139,1241,288,179,148,588,265,7022,5704],"class_list":["post-13475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-coverage","tag-expand","tag-launches","tag-options","tag-partner","tag-payment","tag-ripple","tag-ripplenet","tag-tranglo"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/14000.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13475"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13475\/revisions"}],"predecessor-version":[{"id":13477,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13475\/revisions\/13477"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/13476"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13475"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}