Monat: April 2022

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Tranglo launches a new business payment solution in partnership with Ripple

Tranglo, a cross-border payment gateway founded in 2008 and Ripple’s newest investment partner, has launched an all-in-one business payment solution called Tranglo Business to allow businesses receive and send their global payments in a faster way.

The payment solution will utilize Ripple’s on-demand liquidity (ODL) technology to allow Tranglo to use all its 25 payment corridors as well as allow remittance providers to conduct a real-time payment across the borders without pre-funding the transactions.

Ripple’s ODL uses XRP, its digital currency, as a bridge between two currencies and also runs on RippleNet, Ripple’s global financial network. Therefore, Tranglo users will be able to lower operating costs as well as save money by getting rid of destination account charges.

Ripple bought a 40% share of Tranglo

Ripple purchased a 40% share of Tranglo and became one of the major enterprise providers of blockchain solutions payments across the borders. 

Tranglo ODL pilot began in September 2021, and in the first 100 days, it was able to complete 250,000 transactions of $48 million since then it paved way for the move.

Japan, Australia, Singapore, and the Philippines are one of the markets using RippleNet for their ODL transactions, however, more markets are joining the wagon.

Tranglo global network

Tranglo has established its offices in Singapore, Dubai, Kuala Lumpur, London, and Jakarta and its global network has 130,000 cash collection sites, 1,300 wallets/banks, and 2,500 mobile operators in over 100 countries.

Against all odds, Ripple has managed to spread its payments systems across the borders outside the United States despite the ongoing lawsuit in the state.

In the previous years, Ripple remittance technology’s popularity has continued to grow due to its fast transactions and low prices as compared to the traditional payment gateways.

According to the U.Today previous report, Ripple partner, Clearing House, and Wells Fargo talks are underway to create a SWIFT replacement.

The post Tranglo launches a new business payment solution in partnership with Ripple appeared first on Coin Journal.

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The best cryptocurrencies to buy before the end of 2022

2021 was seen as one of the best years for crypto assets. Many coins made it big last year, and there was hope that this trend would carry on even in 2022. But the market has stagnated a bit and lost some of the momenta we saw at the end of 2021. But 2022 could still be a big year for crypto investment. Here is why:

  • The overall risk in other assets, including equities is now very high.

  • Crypto is likely to outperform traditional assets by a huge margin in 2022.

  • The crypto market has dipped slightly and should be perfect for value investing.

So, if you are thinking of adding some crypto assets into your portfolio over the coming months, here are 3 coins to consider.

Ethereum (ETH)

A lot of positive things have been happening with the Ethereum (ETH) chain over the last few months. The chain is moving towards a proof of stake consensus that will help enhance scalability and efficiency. 

Data Source: Tradingview 

Ethereum is also expected to report record fees this year as more and more DAPPs flock towards its ecosystem. Considering that ETH has fallen quite substantially from its 2021 highs, it could be a very decent buy.

STEPN (GMT)

Hopes about the rise of the metaverse have been quite substantive over the last few months. 2022 is seen as perhaps the breakthrough year for metaverse tokens and as such, it won’t be a surprise if coins like STEPN (GMT) surge. While there are many other metaverse tokens to watch, this one is a very promising one.

Shiba Inu (SHIB)

Shiba Inu (SHIB) made massive headlines last year with recording-breaking growth. It has since lost a lot of the gains it made in 2021 but this does not mean SHIB is down and out. In fact, it could deliver impeccable gains for investors in 2022 but not as much as we saw last year.

The post The best cryptocurrencies to buy before the end of 2022 appeared first on Coin Journal.

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Fabric Ventures is closing in on $245M in two Web3 funds: Report

UK-based Fabric Ventures supports both early-stage and later-stage projects, with Polkadot, Decentraland and Bitstamp among earlier beneficiaries.

Fabric Ventures, a London-based capital venture investment firm, is on the verge of closing to Web3 funds as it looks to bolster its wallet ahead of several investments.

Per a report in The Block, the company is set to raise a total of €225 million (roughly $245 million).

Fabric expects to close the first of the two funds, at €125 million (about $136 million), soon. This fund was significantly oversubscribed according to Fabric Ventures managing partner Richard Muirhead, the reason for the raising of the cap to €125.

Once closed, the company will use the funds to support early-stage projects.

Meanwhile, the company is set to close another €100 million ($109 million) fund later this April. As it has done over the past few years, Fabric Ventures will use the second fund to help projects scale as part of its goal of supporting later-stage investments.

The fund will be targeted for projects seeking series B funding or beyond.

The funds follow on from Fabric Ventures’ July 2021 raising of $130 million from various backers. A notable contributor to the fund was the European Investment Fund (EIF), which put in $30 million.

According to Muirhead, Fabric is eyeing fresh funds in 2023.

Projects in the digital assets space to receive investment backing from Fabric include crypto exchange Bitstamp, blockchain platform Polkadot (DOT) and metaverse linked protocol Decentraland (MANA). The VC firm has also contributed to Axie Infinity developer Sky Mavis.

The post Fabric Ventures is closing in on $245M in two Web3 funds: Report appeared first on Coin Journal.