Home / Crypto News / Send Friend, a remittance company planning to utilize XRP, raises funds from Ripple and MasterCard

Send Friend, a remittance company planning to utilize XRP, raises funds from Ripple and MasterCard

XRP活用予定の送金会社Send FriendがRipple社やマスターカードなどから資金調達を実施

magic_jonson

magic_jonson

I like basketball and music. I am studying about block chains and virtual currencies. Thank you.

Send Friend has raised $ 1.7 million from eight companies, including Ripple and Mastercard, with the aim of using XRP to provide “the smartest remittance method to the Philippines .”

SendFriend is a member of Ripple International’s international remittance network, RippleNet, which adopts the remittance system “xRapid” that utilizes XRP in remittance.

SendFriend plans to develop a service that can send money safely at low cost towards cases where immigrants who transit from the Philippines to the United States transfer money to their home countries. With a seamless remittance that does not rely on traditional banking systems, you can offer a service that is 65% cheaper than the average fee of other methods.

This time, eight companies including MIT Media Lab, Barclays, MasterCard, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Disishar Capital funded Send Friend.

Send Friend is scheduled to start service from New Jersey, and other states will soon be available from PCs and smartphones.

Article Source: West

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magic_jonson

magic_jonson

I like basketball and music. I am studying about block chains and virtual currencies. Thank you.

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Author: magic_jonson – Source Post: https://crypto-times.jp/sendfriend-ripple/

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