Tranglo and Ripple Introduce a New Era of Payments

The cross-border payment solution by Ripple's partner, Tranglo, has been officially launched. In today's rapidly evolving landscape of cross-border payments, Tranglo, in partnership with Ripple, has announced the release of its groundbreaking direct-to-wallet payment solution. This marks a significant step towards facilitating financial transfers between different countries and signals potential changes in the prices of the XRP cryptocurrency.

Tranglo's Direct-to-Wallet Cross-Border Payment Solution

On April 8th, fintech specialist Tranglo unveiled the implementation of instant and direct transfers to over 30 e-wallets. This represents a significant advancement in expanding the network of cross-border payments. By eliminating intermediaries, direct transfers to wallets enable faster and more accessible money transfers, especially for those without access to traditional financial institutions. This solution remains available 24/7, ensuring reliability and convenience for users.

According to Jacky Lee, CEO of Tranglo Group, data indicates a significant increase in cross-border transactions to e-wallets since 2021. E-wallet payouts surpass bank transactions, with some corridors experiencing growth of up to 400%.

Partnership with Ripple

Tranglo collaborates with Ripple in revolutionizing cross-border payments, including the implementation of On-Demand Liquidity (ODL) in various payment corridors. Tranglo's largest partner in the United Arab Emirates has seen a significant increase in transactions to Pakistan and Indonesia by utilizing the e-wallet payout service.

The launch of Tranglo's direct-to-wallet cross-border payment solution signifies a significant step towards facilitating financial transactions between different countries. The partnership with Ripple, along with market enthusiasm, suggests that XRP may be poised for further growth. However, the future of this project will depend on various factors, including user adoption and potential regulatory changes.

*This is not a financial advice