CandleFocus Ripple Partner Tranglo Now Supports Brunei Banks for Faster Remittances
2024-09-19
Author: Content Editor
Tranglo, a Ripple partner, is expanding its services to Brunei, aiming to simplify cross-border remittances for the migrant labor community in the country. The company has partnered with eight major banks in Brunei to facilitate faster and more secure cross-border money transfers. Tranglo's use of Ripple's blockchain technology provides an effective solution. However, there is a debate within the XRP community regarding the role of Ripple's native digital currency, XRP, in Tranglo's network. Some proponents claim XRP is actively incorporated, while critics argue there is no concrete evidence of XRP's use. This dispute highlights the ongoing discussion over XRP's adoption and significance in the global financial ecosystem. Meanwhile, another Ripple partner, Instarem, has integrated Apple Pay into its Amaze card, offering consumers an easy and secure option for cross-border payments.
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