TransferGo is a digital remittance solution for migrant workers launched by Justinas Lasevičius, Daumantas Dvilinskas, Arnas Lukoševičius and Edvinas Šeršniovas on 18 September 2012. The company uses a digital account-to-account business model, which means that money transfers do not have to leave the country, as funds are paid in and out locally.
TransferGo is officially registered and licensed as a payment service provider and regulated by the UK Financial Conduct Authority (FCA). TransferGo is one of the worlds fastest growing money transfer companies. January 14th 2020, we get news that TransferGo has announced it is partnering with global payments platform Currencycloud to help facilitate cross-border payments and launch in 14 new markets during Q1 of this year.
Just 2 months ago we covered an article called “TransferGo Looking To Use Ripples On-Demand Liquidity (XRP)” in which TransferGo told us that they were looking to expand its real-time operations into new markets which include Southeast Asia, Latin America, and Africa and they are looking to utilize ON-DEMAND LIQUIDITY. With this new partnership with CurrencyCloud, we can expect 14 new markets to be opened in Q1.
CEP of TransferGo Stated:
that by 2020, even a few minutes will be too slow, which is why TransferGo is looking to use RippleNet’s On-Demand Liquidity with XRP as an alternative to pre-funding. At the same time, the company is expanding its real-time operations into new markets in Southeast Asia, Latin America and Africa with RippleNet.
Below we listed the current markets that CurrencyCloud has possibly enabled for TransferGo to connect to – which will be the lucky 14?