Ripple Partner Registered 20x Increase in ODL Usage in 2022
Malaysia-headquartered Tranglo reports over $2 billion in transactions processed during H1, 2023...
- Tranglo, a major partner of Ripple fintech, has seen significant growth in its services in 2021-2023.
- The company increased Ripple's On-Demand Liquidity (ODL) usage by over 1,700% in 2022.
- The net ODL transaction volume rose from $53 million in 2021 to $970 million in 2022.
- Tranglo processed over $3.3 billion in transfers in 2022, with 80% of transactions finalized in real time.
- The company achieved over 99.9% server uptime, enhancing the customer experience.
- Tranglo expanded its operations into three new countries and increased its headcount by 40% since 2018.
The article highlights the positive growth and achievements of Tranglo, showcasing its success in increasing Ripple's ODL usage, expanding its services, and addressing challenges faced by SMEs. The sentiment is overall positive.