What A Sputtering SPAC Reveals About Ripple’s Billion-Dollar XRP Business

. Together, these firms accounted for 6.2% of the $44.7 million in revenue Tranglo made in the first three quarters of 2022–equal to about $2.7 million. .

The rub: GEA is controlled by Kong, Tranglo’s major shareholder. It is apparently a small outfit: Kong is one of two GEA employees oncould not find any GEA website. In addition to the Hong Kong entity, there is also GEA Pte., a Singapore-incorporated payments processor. Both are owned by Gea Holdings Ltd., a Seamless Group subsidiary.

That’s because InFinT’s registration filing states that Tranglo “may make use of the ODL facility itself, and obtain extra liquidity”; no restrictions on this facility are mentioned.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biggest Movers: XRP, ADA Drop to Multi-Week Lows on Friday – Market Updates Bitcoin NewsXRP plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session.
Source: BTCTN - 🏆 531. / 51 Read more »

Ripple CTO Reacts to XRP's 10% Dip With Market InsightRipple CTO shares market tips as $XRP loses 10% xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec
Source: Utoday_en - 🏆 295. / 63 Read more »

XRP Price Loses Key Support in Market-Wide Slump, Here's What Might Come NextXRP loses key price level in market slump, here's what might save it XRPArmy $XRP XRPCommunity XRPHolders
Source: Utoday_en - 🏆 295. / 63 Read more »