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Ripple: Acquires 40% Stake in Tranglo

March 31, 2021

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