Ripple partner launches cross-border payment corridor to Mongolia

Every day, we see traditional financial institutions scrambling to understand crypto strategy, and understandably so. Crypto has passed the tipping point of mainstream consciousness. Use cases like cross-border payments are strictly outside the sandbox stage.

Ripple is taking new steps in cross-border payments with crypto over traditional fiat. Ripple’s fintech network, RippleNet, or its other partner, Tranglo, has taken control of remittances around the world.

Tranglo Mongolia launches new cross-border payment corridor. The Singapore-based company will do so “through a single link to regional corridors and local partners.” Mainly to improve cross-border payments in this East-Asian region. It will offer a variety of different payment and pickup methods such as direct bank transfers and cash pickup. It could also potentially be used beyond blockchain-powered techniques.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.