Ripple CEO Brad Garlinghouse says the Middle East is the company's fastest growing region

[HAL1000]

 

[Guest]

On 10/29/2021 at 7:00 PM, HAL1000 said:

 

Specifically, Middle East through Pakistan and India. There is a lot of trade an exchange of labour among those countries.

Millions of labourers from India go to Dubai, for example, and send money back to their families. There is also a lot of trade with spices, beef, even gourmet food!! There are religious occasions where folks in one country get food prepared in another country and get it delivered. 

[HAL1000]

3 minutes ago, Ripley said:

Specifically, Middle East through Pakistan and India. There is a lot of trade an exchange of labour among those countries.

Millions of labourers from India go to Dubai, for example, and send money back to their families. There is also a lot of trade with spices, beef, even gourmet food!! There are religious occasions where folks in one country get food prepared in another country and get it delivered. 

Tranglo Launches Mongolian Cross-Border Payment Corridor

https://www.crowdfundinsider.com/2021/10/182314-tranglo-launches-mongolian-cross-border-payment-corridor/

Cross-border payment hub Tranglo has launched its new cross-border payment corridor to Mongolia. They said it will aim to improve the cross-border payment services there via a single connection to regional corridors and local partners. According to World Bank estimates, remittance inflows to Mongolia made up about 4.2 per cent of the country’s GDP in 2020.

“The entry into Mongolia is in line with our plans this year,” Tranglo CEO Jacky Lee said. “Mongolia is a key market with huge potential. It received about $550 million USD in remittances last year against the backdrop of a global pandemic.

“Moving forward, we aim to transform the way Mongolians receive remittances by bridging the payment gaps with our technology.”

Their payment channels in Mongolia include direct-to-bank transfers and cash pickups. Improvements that could also occur, according to the company, include blockchain integration through RippleNet, a result of its partnership with US crypto giant Ripple.