- Ripple inked a deal to buy 40% of the company in 2021 to broaden its cross-border payment services and bolster transfers with XRP.
- XRP was also used through On-Demand Liquidity service by Ripple, but was no longer available to customers in November 2025.
- Project BLOOM is an example of programmable trade payments with the XRP Ledger, but doesn’t necessarily increase demand for XRP.
Tranglo’s 2021 deal sheds light on Ripple’s Asian payments strategy as Project BLOOM draws attention to its newer financial technology work.
Ripple Bought Into Tranglo in 2021
ALLINCRYPTO recently recalled Ripple’s agreement to acquire a 40% stake in Tranglo. The agreement was announced on 30 March 2021 on the cross-border payments market in Asia. Ripple was looking to increase customers and transfers with XRP.
Tranglo already had a network of connections in the region’s payment corridors. Those relationships enabled Ripple to have a route to market in which businesses would regularly transfer funds across borders. Building such services requires local payment partners, not just blockchain technology.
The announcement said it was due to customer demand and wanted to lower the working capital needs. Payment providers may hold funds in multiple countries to enable funds to be transferred between countries. Ripple’s proposed approach aimed to reduce that burden through its payment services.
The investment also showed that Ripple’s regional plans predated its newer projects. The company was already working on partnerships to integrate its technology into payment operations. That past provides context to its subsequent work in Asian financial markets.
XRP Had a Defined Role in the Payment Service
Ripple’s On-Demand Liquidity service facilitated the transfer of XRP between currencies. Providers that participated would acquire the asset for transfer and then convert it to the currency being provided. This was done to decrease the need for money in advance from payment corridors.
Ripple announced the first live On-Demand Liquidity service in October 2021 with Tranglo in the Philippines. The launch followed the investment agreement and put the service into practical use. Ripple also outlined plans to expand into additional payment corridors.
However, the partnership did not mean every Tranglo transfer used XRP. Payment providers can operate different services according to customer requirements and available arrangements. A commercial relationship with Ripple therefore does not prove that all associated payments create demand for XRP.
There has also been a change since the original announcement. A 2026 SEC filing states that Tranglo stopped offering Ripple’s On-Demand Liquidity service to customers on November 10, 2025.The historical deal remains relevant, but that particular service should not be described as currently operating.
Project BLOOM Takes a Different Approach
Project BLOOM has brought fresh attention to Ripple’s work in Asia. Singapore initiative announced in March 2026 investigates programmable settlement for trade finance. It includes a model that is based on regulated stablecoins, as well as tokenized bank liabilities.
The project is built on XRP Ledger and Ripple USD, or “RLUSD” for short. Conditions can be attached to payments like proof of shipment. This connects settlement to specific steps in a commercial transaction.
Tranglo and Project BLOOM address different payment needs. Tranglo’s original arrangement focused on cross-border transfers through an established payments provider. Project BLOOM examines how digital assets can support conditional payments tied to trade activity.
That difference matters when assessing possible demand for XRP. A project can use the XRP Ledger without requiring XRP for every payment. Stablecoins and tokenized bank liabilities also have roles in the BLOOM model.
XRP as of the time of writing was trading at almost $1.29. This is a snapshot that does not imply the impact on future demand of either initiative. Actual usage, liquidity needs and the assets selected for settlement will matter more when assessing the connection.
ALLINCRYPTO’s reminder puts the two developments into a longer timeline. Ripple’s Tranglo agreement was an earlier effort to expand payment services across Asia. Project BLOOM represents a separate application, and neither initiative alone guarantees increased demand for XRP..
