• Home
  • Ripple
  • XRP
  • Contact Us
XRP News
No Result
View All Result
XRP News
No Result
View All Result

Tranglo Enters into Partnership with Ripple to Expand to Asia and the Middle East

Gaurav Roy by Gaurav Roy
October 24, 2021
Home Analysis
Share on FacebookShare on Twitter

Tranglo announced its official collaboration with XRP to provide its first live On-Demand Liquidity service through RippleNet. 

The On-Demand Liquidity service allows people to make instant payments across countries at more affordable costs. Tranglo participated with other fiat connections to further increase its receptivity. Tranglo established partnerships with BKK Forex, DeeMoney, and Siam Commercial Bank. 

As part of this fruitful relationship, Tranglo agreed to provide Ripple with a 40% share in Tranglo’s operations as part of its expansion plan in Southeast Asia.

According to the CEO of Tranglo Group, the company successfully created the relationship between local and regional infrastructure by “using XRP as the bridging currency.” 

Tranglo Enters into Partnership with Ripple to Expand to Asia and the Middle East

Despite the legal issues in the US that XRP is facing, the company continues to expand its influence in Asia and the Middle East. 

XRP plans to focus more on the Philippines as a key market for seamless transactions. According to the World Bank, the Philippines is one of the largest countries that receive remittances across countries. 

As a result, XRP sees the Philippines as a good investment strategy since remittances make at least 9.7% of the country’s GDP. Filipino workers working in different countries would most likely remit their earnings to their families in the Philippines. 

According to the managing director of RippleNet, the significant traction in RippleNet already signifies the effectiveness of the company’s shared mission in the Asia Pacific. 

Ripple also emphasized the contribution of APAC as the fastest-growing region for RippleNet, contributing at least 130% every year. 

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: Ripple partnerships 2021Tranglo cryptoxrp news
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

Next Post
Ripple Experiences Major Win as Netburn Demands for an Explanation

Ripple Experiences Major Win as Netburn Demands for an Explanation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • XRP Price Maintains Rally Hopes as DOGE Breaks Down March 6, 2025
  • XRP price to $18K? — One crypto ‘research’ group says it’s possible March 6, 2025
  • Research Group Predicts XRP at $18K—Too Good to Be True? March 6, 2025
  • Blockchain Investigator Finds 2.7B XRP in Dormant Wallets—Tied to Ripple Co-Founder? March 6, 2025
  • XRP Price Watch: XRP Holds Steady, But Is a Big Move Coming? March 6, 2025

Chat with our XRP expert!

XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

  • Home
  • Ripple
  • XRP
  • Contact Us

2023, XRPNews.com

No Result
View All Result
  • Contact Us
  • HTML Sitemap

2023, XRPNews.com