Ripple Partner Tranglo Collaborates With UAE's Largest Forex

Tranglo, a strategic partner of Ripple, has announced a significant collaboration with Al Ansari Exchange, the largest outward personal remittance and foreign exchange company in the United Arab Emirates (UAE). This partnership marks a significant milestone in Tranglo’s Middle East expansion program and might impact Ripple’s ODL service.

Tranglo x Al Ansari Exchange

The UAE is known for its multicultural environment and expat-friendly laws, their outward remittances reached an impressive USD 47.54 billion in 2021, as per World Bank. Al Ansari Exchange holds a dominant position in the UAE’s remittance market.

Tranglo Group CEO, Jacky Lee, expressed enthusiasm about the collaboration, stating,

“I am excited about the collaboration with Al Ansari. I am confident that the partnership will improve the cross-border payment experience in the UAE and, by extension, the GCC region.

Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange highlighted the growing demands of customers and the need for cutting-edge technology and innovative solutions.

The collaboration between Tranglo and Al Ansari Exchange has captured the attention of industry experts and Ripple enthusiasts, sparking discussions about the potential future integration of Ripple’s On-Demand Liquidity (ODL) solution in their partnership.

Impact On Ripple ODL

Al Ansari Exchange’s adoption of Tranglo Connect for cross-border payments paves the way for further advancements in utilizing Ripple’s ODL technology, launched first in Japan.

Wrath of Kahneman bought attention to the previous deal where Al Ansari has worked with Ripple to connect with MoneyMatch.

Ripple’s acquisition of 40% of Tranglo in 2021 enabled the company to meet the increasing demand in the Asia Pacific region and expand its ODL service, resulting in Tranglo processing over USD 1 billion in ODL transactions.

Read More About Tranglo’s story..

Such partnerships for cross-border remmitances gains advantages like credit facilities and expanded network reach. The Ripple community eagerly awaits updates on how this partnership will unfold and whether ODL will follow suit.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.