News Formal

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

  • 📰 Forbes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Ripple 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?

. 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.

 

コメントありがとうございます。コメントは審査後に公開されます。

49¢ shitcoin

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 🤷‍♂️

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 394. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

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?
ソース: Forbes - 🏆 394. / 53 続きを読む »