Finance Breaking news Ripple to acquire 40% stake in Asia's Trianglo last financial news

Breaking-Finance.Com - Ripple is to acquire a 40% stake in Asian cross-boprder payments specialist Trianglo.

Finance Breaking news Ripple to acquire 40% stake in Asia's Trianglo last financial news

Breaking-Finance.Com - Ripple is to acquire a 40% stake in Asian cross-boprder payments specialist Trianglo.

Finance Breaking news Ripple to acquire 40% stake in Asia's Trianglo last financial news
30 March 2021 - 08:00

Breaking-Finance.Com - Ripple is to acquire a 40% stake in Asian cross-boprder payments specialist Trianglo. Ripple says the deal will help it to meet growing customer demand in the region and expand the reach of On-Demand Liquidity (ODL), which uses the digital asset XRP for instance money transfers and working capital.Founded in 2008, Trianglo's global network spans more than 100 countries, 2,500 mobile operators, 1,300 banks/wallets and 130,000 cash pickup points.Under the agreement with Ripple, Tranglo will play a critical role in supporting existing corridors, such as the Philippines, and introducing new ODL corridors within its current network.

. Asheesh Birla, general manager of RippleNet says: “Tranglo’s robust payments infrastructure coupled with their unparalleled customer service and quality makes them an ideal partner to support our expansion of On-Demand Liquidity starting with the Southeast Asia region.”Completion of the transaction is expected later this year. Financial terms were not disclosed.

Source = Breaking-Finance.Com

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Finance Breaking news Ripple to acquire 40% stake in Asia's Trianglo last financial news


Finance Breaking news Ripple to acquire 40% stake in Asia's Trianglo last financial news


Finance Breaking news Ripple to acquire 40% stake in Asia's Trianglo last financial news


Finance Breaking news Ripple to acquire 40% stake in Asia's Trianglo last financial news

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