Ripple Labs has sold its stakes in Malaysian payment company Tranglo and exchange Bitstamp

ChainCatcher news, Ripple Labs has sold its stake in Tranglo, a Malaysia-based payment company that utilizes XRP for international transactions. XRP community member Crypto Eri published an article on the X platform on Monday, citing the latest news from Crunchbase that disclosed this development.

The latest records from Crunchbase show that Ripple Labs has exited its investments in the Bitstamp exchange and Tranglo. The company's exit from Bitstamp may be due to Robinhood's acquisition, while the divestment from Tranglo was unexpected.