The Philippines' SendFriend confirms Ripple’s xRapid payments launch later in June

The launch of the payments is expected to increase liquidity in the Philippines.
“We use the xRapid network, which does use XRP,” SendFriend.

John Isige FXStreet

Ripple continues to make headlines in the crypto verse as its services expand globally. The blockchain company was given the go-ahead to push its service in the Philippines following a partnership with SendFriend at the beginning of this year. The purpose of the partnership was to enable cheaper cross-border remittances while utilizing Ripple’s xRapid network. Recent tweets by SendFriend sparked fresh interest in the impending services:

“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!”

SendFriend said in response to inquiries on Twitter:

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

The launch of the payments is expected to increase liquidity in addition to supporting cross-border payments for the Philippines using XRP. SendFriend is particularly excited about the launch and has a lot more to forward to in the future.

“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”

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

Ripple Price Forecast: XRP recovery dims as demand cools

Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token's upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets.

Crypto Today: Bitcoin, Ethereum, XRP hold key support as US and Iran agree to halt strikes

Bitcoin (BTC) maintains a neutral-to-bullish outlook, trading above $65,000 on Monday. Ethereum (ETH) is approaching the key supply and inflection point $2,000, while Ripple (XRP) hovers slightly above $1.10, underscoring a marginal improvement in the broader cryptocurrency market sentiment.

Shiba Inu Price Forecast: The three factors driving SHIB's mystery rally

Shiba Inu (SHIB) price is down 3% on Monday, reflecting a potential profit-driven pullback after rising over 25% over the last two days. The mystery rally in SHIB has outpaced the minor recovery seen in other meme coins, with data suggesting it is linked to supply burns, the Korean market demand, and ecosystem expansion.

Bitcoin options traders are dropping their hedges going into the Fed meeting

Bitcoin's options market has turned notably less defensive over the past month, unwinding the downside protection traders built up in June just as the Federal Reserve prepares to meet.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.