Blockchain Gaming
Ripple Labs Divests Stake in Tranglo: Implications for XRP Community
Wednesday. July 17 at 10:00 AM
1 min. readRipple Labs has reportedly sold its ownership in Tranglo, a Malaysian payment company utilizing XRP for global transactions. This move, highlighted by Crypto Eri, reveals Ripple's exit from both Bitstamp and Tranglo investments. While Bitstamp's departure aligns with its acquisition by Robinhood, Tranglo's divestment surprises many. Tranglo played a vital role in Ripple's mission to enhance global financial transactions with XRP through On-Demand Liquidity. The XRP community questions this decision, with concerns raised about Crunchbase's accuracy and lack of sources. Further investigation shows Tranglo's potential public listing and ongoing partnership with Ripple. Despite uncertainties, the community remains divided on the impact of Ripple's exit on XRP's future. Some anticipate growth opportunities, while others criticize the move. XRP's current trading value stands at $0.54576.