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。
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。

'XRP CEO' Reacts to Ripple's Billion-Dollar XRP Business Rumors'XRP CEO' haydentiff reacts to controversial news about Ripple's XRP sales xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec $xrp
ソース: Utoday_en - 🏆 295. / 63 続きを読む »