$XRP its happening 😺🤞💎🚀

Relationship Between Currenc Group (CURR) and Ripple / XRP

Currenc Group has established a strategic partnership with Ripple via its subsidiary Tranglo. This partnership positions Currenc as a regional enabler of Ripple’s On-Demand Liquidity and RippleNet services in Southeast Asia. While integration is strong and financial activity significant, revenues attributable to XRP-based services remain modest relative to Currenc’s broader operations.

Ownership & Partnership Highlights

• In March 2024, Ripple acquired a 40% stake in Tranglo, Currenc Group’s remittance arm, to help expand its On-Demand Liquidity (ODL) capabilities in Southeast Asia. ODL uses XRP to facilitate instant, low-cost cross-border payments-remittance providers no longer need to pre-fund accounts.

• As of May 2024, Tranglo-under Currenc Group-offers enhanced cross-border payouts through RippleNet, leveraging tools like ODL to improve payment efficiency across over 25 countries.

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