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.

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What A Sputtering SPAC Reveals About Ripple’s Billion-Dollar XRP BusinessRipple says that XRP is improving cross-border payments, but new filings from the crypto firm’s Asian partner Tranglo suggest that customer adoption is lagging. So why are Ripple’s XRP sales accelerating?
Source: Forbes - 🏆 394. / 53 Read more »

What A Sputtering SPAC Reveals About Ripple’s Billion-Dollar XRP BusinessRipple says that XRP is improving cross-border payments, but new filings from the crypto firm’s Asian partner Tranglo suggest that customer adoption is lagging. So why are Ripple’s XRP sales accelerating? FOMO. Likely it is why I guess. May I ask who uses XRP? I mean I have seen several partnerships from Ripple but how is that beneficial for XRP? Its price practically moves the same as the previous years. The recent pump was caused by BTC and the whole market in general. IDK 🤷‍♂️ 49¢ shitcoin
Source: Forbes - 🏆 394. / 53 Read more »