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.