Tranglo, a key partner in Ripple’s On-Demand Liquidity (ODL) system, has experienced an astonishing 1,729% growth in processed transactions, coming close to reaching the $1 billion mark. This significant milestone was highlighted in a recent report by The Edge Singapore and was further amplified by Collin Brown via a tweet, underscoring the unstoppable momentum of the Ripple ecosystem.
Tranglo began its journey as a local cross-border payment entity in Malaysia and quickly evolved into a global remittance provider. The company’s transformation and success can be attributed to its people-first strategy, which focused on catering to specific individual needs, such as international airtime top-up services. By 2015, Tranglo had fully shifted its focus to cross-border payments, with affordability as its core principle. Its strategic partnership with Ripple played a crucial role in its success story.
The success of Tranglo’s people-centric approach is not just based on rhetoric. Despite facing adversities like the 2015 oil crash, the company continued to expand its operations. In just four years, their transactions swelled from $1.3 billion in 2018 to $3.3 billion. In the first half of 2023 alone, Tranglo has reported $2 billion in transactions, showcasing its continuous growth.
Jacky Lee, the group CEO of Tranglo since 2018, believes in the importance of having a diverse workforce to drive genuine innovation. He emphasizes that their inclusive work environment has been a major contributor to their success. Reports from McKinsey & Company support this sentiment, indicating that gender diversity leads to substantial business growth.
Related Post
Tranglo sets itself apart by prioritizing reliable technology and genuine partnerships in an era dominated by digitalization. Jacky emphasizes their focus on cybersecurity to maintain people’s trust in their services. Their proprietary technology constantly evolves to enhance user experience while ensuring robust functionality.
Another hallmark of Tranglo is partnering based on a shared vision rather than mere practicality. This approach has led to collaborations aimed at improving financial accessibility for marginalized communities. Their recent partnership with Ripple’s ODL service is a testament to this, as ODL transactions surged from $53 million in 2021 to an astounding $970 million in 2022.
With a consistent 20% year-on-year growth in partnerships since 2008, Tranglo’s genuine collaborations have carved a unique niche in the global payments landscape. They are paving the way for a more inclusive financial world.
As a disclaimer, it is important to note that Crypto News Flash does not endorse any content mentioned in the article. Readers are advised to conduct their own research before taking any actions related to cryptocurrencies. The publication is not responsible for any damage or loss caused by the use of or reliance on the mentioned content, goods, or services.
In conclusion, Tranglo’s partnership with Ripple and its focus on people-first strategies have propelled the company to remarkable success. With a significant boost in processed transactions and a growing presence in the global remittance market, Tranglo continues to make waves in the industry. Its emphasis on reliable technology, genuine partnerships, and an inclusive work environment sets it apart and contributes to the advancement of the financial world.
