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.

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!”

Read more:

Ripple sets foot in Zurich, Switzerland: Targets institutional investors

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”

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Market consolidation brings the key buying levels closer

BTC/USD is currently trading at the price level of $9575 and looking for support at $9350. The major moving averages are very close, and Bitcoin will most likely end up in the SMA200 environment, now at $8750.

More Bitcoin News

New EU law encourages mainstream crypto adoption

In July 2018, the Fifth Anti-Money Laundering Directive (AMLD5) was officially signed into law and it came into effect on Jan 10, 2020. The law groups all virtual assets and their providers as “obliged entities.”

More Cryptocurrencies News

Ethereum Price Analysis: ETH/USD posts losses second day in a row, can $250 hold?

Ethereum price alongside other cryptocurrencies is losing ground from the yearly highs posted in February at $288. The losses remain unstoppable following the rejection at $280. 

More Ethereum News

Ripple Price Analysis: XRP/USD golden cross hints return above $0.30

Ripple price extends the bearish leg to $0.26 as bears continue with their rampage across the crypto market. Support at $0.27 suffered a blow as bulls rushed to defend $0.26.

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls plot the revenge

Bitcoin's market capitalization settled at $176 billion, which is 62.8% of the total digital assets market.

Read the weekly forecast

BTC

ETH

XRP