Ripple: xRapid-powered remittance service to The Philippines will go live this month, confirms SendFriend

2019-6-6 11:30

After years of being ridiculed an mocked, the world of cryptocurrencies and digital assets is finally getting its due following the growing involvement of several institutional investors. Presently, it’s not just financial and non-financial institutions running the race to get a step ahead in the field, but governments across the world are in the same boat as well. The participation of each and every one of these institutions is a step forward in the goal to spur global crypto-adoption.

Ripple, one of the pioneers of the field,  has been making headlines recently, not only for XRP’s stellar trading value recovery in 2019, but also for leading the race to push crypto-adoption across the globe. Most recently, the company got a green signal to push its in-house digital asset, XRP, to the Philippines. The move was made possible following the SendFriend partnership that was announced earlier this year. The partnership is aimed at enabling cheaper cross-border transactions using Ripple’s xRapid network.

Speculations about the new service launch were fueled after SendFriend’s official Twitter handle tweeted,

“Cheaper Faster More Secure

Sending money to the #Philippines has never been easier! How do we do it? By using blockchain technology to innovate the money transfer process!”

If there was any doubt about the tweet itself, SendFriend clarified all doubts after it responded to a user and said,

“Thanks for checking us out! We will be live later this month!”

While this is move is speculated to ultimately source liquidity and facilitate real-time cross-border payments for Philippines via XRP, Ripple’s $1 million investment in SendFriend hints at a much broader plan in terms of XRP adoption. On the brighter side, the crypto-community has made its interest clear in using the service straight away, to which the company responded,

“We use the xRapid network, which does use XRP. However, right now you can’t send enterprise payments using SendFriend, only personal payments. It’s in the roadmap for the future, though”

SendFriend also shared its roadmap that currently includes geographical expansion and support for additional corridors. The backbone of the operation, Ripple, recently got listed on Switzerland’s commercial registry and plans to involve itself in the “sale of digital assets XRP to institutional buyers.”

The post Ripple: xRapid-powered remittance service to The Philippines will go live this month, confirms SendFriend appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Speed Mining Service (SMS) на Currencies.ru

$ 1.9622 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.9622 - H: $1.9622
Капитализация $205.406k Rank 99999
Цена в час новости $ 1.6028 (22.42%)

confirms month world ripple sendfriend service live

confirms month → Результатов: 28


Фото:

London Stock Exchange Confirms Tech Sale To Hong Kong Cryptocurrency Exchange

The London Stock Exchange (LSE) is entering the cryptocurrency market, albeit cautiously, after it sold its trading technology to Hong Kong exchange AAX. LSE Conscious Of Crypto Exchange Boom As the Financial Times reported January 22, LSE has offered its Millenium Exchange matching system to AAX, in a deal similar to that signed by Nasdaq and Estonia’s DX Exchange earlier this month.

2019-1-22 20:00


Фото:

Bitcoin Mining Difficulty Adjusts 10% Upwards For the First Time in Months

Bitcoin continues to stabilize its network activity with a return to upward difficulty adjustments after hash rate reversed its decline last month. Bitcoin Continues To Police Itself Data from statistics resources Blockchain and Bitcoin Wisdom confirms that the Bitcoin network’s most recent difficulty adjustment was up, not down, by just over 10 percent.

2019-1-1 17:00


Фото:

Not Just Venezuela, Bitcoin is Seeing Record Volumes Across South America

Bitcoin’s mixed price fortunes could not matter less to some South American markets as trade volumes in several countries see major spikes. Argentina, Peru, Colombia… In spite of BTC/USD trending down towards $6000 yet again this month, economic uncertainty in Venezuela and Argentina continue to see huge volumes of fiat change hands for Bitcoin .

2018-9-13 19:00


Фото:

Restrictions coming to Japanese bitcoin exchange

Exchanges The association of 16 government-approved bitcoin exchanges is reportedly working on imposing a number of trading restrictions. Japan Confirms Entrance Into the Crypto Space Possible Trading Caps According to Jiji Press news agency, the Japan Virtual Currency Exchange Association (Jvcea) is planning to set trading limits for its crypto exchange members. Last month, Nikkei

2018-7-31 22:42