- Ripple, a provider of enterprise blockchain solutions for global payments, is to acquire 40% of Asian cross-border payments specialist Tranglo
- Completion of this transaction is subject to regulatory approval and customary closing conditions and is expected to occur in 2021
- This partnership will also allow Ripple to meet customer demand in the region and expand the reach of On-Demand Liquidity (ODL)
- Tranglo will support existing corridors, such as the Philippines, and introduce new ODL corridors within its current network
- Tranglo is a cross-border payment hub with a proven track record in business payment, foreign remittance and mobile payment solutions
- Ripple enables payments everywhere, every way, for everyone using the power of blockchain
Ripple: Acquires 40% Stake in Tranglo
