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TechFlow reported, according to Crypto Eri, Ripple Labs has sold its stake in Malaysian payment company Tranglo.
Tranglo uses XRP for international transactions and was part of Ripple's strategy to enhance global financial transactions. Ripple previously held a 40% stake in Tranglo. While the exact reason for this exit remains unclear, some speculate it may be related to Tranglo's attempt to go public via SPAC.
According to Crypto Eri, Ripple Labs has sold its stake in Malaysian payment company Tranglo. Tranglo, which uses XRP for international transactions, was part of Ripple's strategy to enhance global financial transactions. Ripple previously held a 40% stake in Tranglo. Although the reasons for this exit are unclear, some suggest it may be related to Tranglo's attempts to go public via a SPAC.
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