#XRP #Ripplenet #Ripple #payments #tranglo
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This is Alex Kong, the founder of TNG ~ parent company of Tranglo. Ripple took a 40% stake in Tranglo. On-demand liquidity (ODL), uses the digital asset XRP. 25 Payment corridors with Tranglo went live with ODL on March 1.
Tranglo enables Ripple’s On-Demand Liquidity service across its 25 payment corridors. SINGAPORE, March 1, 2022 /PRNewswire/ — Tranglo has enabled Ripple’s On-Demand Liquidity (“ODL”) service for all its payment corridors, allowing remittance providers to process instant cross-border payments without costly pre-funding.
This comes after the success of its pilot ODL deployment in September 2021, with 250,000 transactions worth USD48 million processed in the first 100 days.
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