Ripple Labs has sold its stake in Malaysian payments company Tranglo

Odaily News Ripple Labs has sold its stake in Tranglo, a Malaysia-based payment company that uses XRP for international transactions. XRP community member Crypto Eri disclosed the development on the X platform on Monday, citing the latest Crunchbase news. The latest Crunchbase records show that Ripple Labs has exited its investment in the Bitstamp trading platform and Tranglo. The company's exit from Bitstamp seems to coincide with Bitstamp's acquisition by Robinhood, while the withdrawal from Tranglo was unexpected. (Bitcoinist)