Ripple’s partner Tranglo collaborates with UAE’s top remittance service provider

Ripple’s partner Tranglo collaborates with UAE’s top remittance service provider
фото показано с : invezz.com

2023-5-30 13:40

Ripple‘s investment partner Tranglo has revealed a significant move, collaborating with Al Ansari Exchange. Al Ansari is the largest forex and remittance firm in the United Arab Emirates (UAE).

🌍 Tranglo & Al Ansari Exchange unite for UAE remittance revolution 🤝 Potential Ripple ODL integration? 👀 Time will tell! $XRP 💸 #HugePartnership 💫🚀https://t.co/tPYpmnXoWA pic.twitter.com/AxWK3YXAil

— Chain Review (@Chain_Review) May 29, 2023

The UAE-based remittance firm boasts an enormous client base (of over three million) and completes approximately 130,000 transactions daily. Such figures show the exchange holds a massive position within the marketplace.

Tranglo stretches its footprints

The collaboration represents a massive step for Tranglo’s expansion plans in the Middle East. Remember, the United Arabs Emirates is the 2nd-largest country as far as outbound remittances are concerned.

Tranglo provides international payment services and operates in different sectors, including crypto business. Also, the company oversees mobile cash solutions and money transfers.

Tranglo improves its international payment offerings by using RippleNet – an extensive payment network by Ripple. Ripple (besides being Tranglo’s investment partner) holds a significant 40% stake in the firm as an investor.

Al Ansari Exchange’s COO, Ali Al Najjar, commented on the increased customer demand and the necessity of innovative technology and top-notch solutions. He highlighted that Al Ansari could enjoy accelerated growth through Tranglo’s high-end technology and Ripple’s decentralized payment solutions.

Meanwhile, the alliance between the trading company and Tranglo has attracted attention within the crypto world. Ripple fans speculate about possible Ripple ODL (On-Demand Liquidity) integration.

Tranglo will capitalize on this alliance to cement its footprints in the UAE marketplace, ensuring strengthened international payment competencies and enhanced remittance services.

These collaborations help cross-border remittances enjoy benefits such as stretched network reach and credit facilities. Meanwhile, the Ripple community contemplates the current developments as they await a potential ODL integration. Moreover, Invezz.com news show XRP primed for bullishness in the upcoming sessions as the SEC case nears an end.

The post Ripple’s partner Tranglo collaborates with UAE’s top remittance service provider appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Partner (PRC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 PRC

remittance ripple uae tranglo partner ansari largest

Источник: invezz.com

remittance ripple → Результатов: 126


Ripple (XRP) will now scale remittances between Korea and Thailand

A major South Korean remittance service provider partnered up with Ripple in a bid to power up payments between the country and Thailand.  Set to expand into additional remittance corridors, GME Remittance joined a flock of Korean financial institutions and money transfer companies already on RippleNet, as the blockchain-based payments company continues bolstering its presence […] The post Ripple (XRP) will now scale remittances between Korea and Thailand appeared first on CryptoSlate.

2021-8-12 04:00


Ripple: Asia-Pacific Remittance Market Seeing Growing Demand And is Ripe for Digitalization

In its latest insight report, Ripple shares the growing demand the Asia-Pacific (APAC) region is seeing. “More remitters than ever are sending money home to their loved ones,” the San Francisco-based company points out adding APAC saw a growth of 12% in remittance flows in 2018, as per World Bank. About 2bln in remittance transactions […]

2020-1-18 22:00


Ripple: xRapid-powered remittance service to The Philippines will go live this month, confirms SendFriend

After years of being ridiculed an mocked, the world of cryptocurrencies and digital assets is finally getting its due following the growing involvement of several institutional investors. Presently, it’s not just financial and non-financial institutions running the race to get a step ahead in the field, but governments across the world are in the same […] The post Ripple: xRapid-powered remittance service to The Philippines will go live this month, confirms SendFriend appeared first on AMBCrypto.

2019-6-6 11:30


Ripple partners with Brazil’s Front Exchange to launch Simple to ease cross-border remittance

Ripple has been living true to its motto of promoting cross-border payments with low transaction fee lately with a barrage of partnerships and other developments. Last week, Ripple-backed remittance providers such as InstaReM and MoneyNetint made the news by partnering with banks in order to simplify cross-border transactions.

2019-5-26 14:30


Are Ripple’s Advancements Underappreciated? How XRP Leads The Crypto Ecosystem In Many Ways

Ripple enables almost instant cross-border, international money transfers. Ripple’s main target market are banks which will hold large amounts of XRP to transact almost instantly with each other. Even though banks are the main target for Ripple, everyday people like you and I can use Ripple for money remittance purposes. A Tweet by XRP_Anderson set […]

2019-5-18 20:52


Easing the Pain of Growing Cross-Border Remittance Demand in Southeast Asia

A lot of people spoke about the pain of cross-border remittances at the recent Ripple Regionals event in Bangkok. One of the day’s final speakers, Paul Arriyavat, VP of Disruptive Technology Office and Chief Strategy Officer at Siam Commercial Bank (SCB), even put a number on it: $68 billion that migrant workers in Southeast Asia send … Continued The post Easing the Pain of Growing Cross-Border Remittance Demand in Southeast Asia appeared first on Ripple.

2019-4-13 01:32


Ripple: India’s Largest IT Provider, TATA Consultancy Services, Just Revealed Using RippleNet For Its Remittance Services

India’s largest IT service company has recently revealed that it is already using Ripple Labs technology after joining the… The post Ripple: India’s Largest IT Provider, TATA Consultancy Services, Just Revealed Using RippleNet For Its Remittance Services appeared first on Invest In Blockchain.

2019-4-8 16:57


Ripple’s Adoption Is On The Rise As Coinbase Adopts XRP For Cross-Border Transfers: Should Holders Be Worried About Velocity?

Ripple’s XRP Adoption Is On The Rise As Coinbase Has Adopted It For Cross-Border Transfers, Should Holders Be Worried About Velocity? Coinbase, which is one of the largest crypto exchanges in the world and the main one in the United States, has recently decided to start offering a global remittance service. This new service will […]

2019-4-4 22:49


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru