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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 price prediction Bitcoin, Ripple, Ethereum: Altcoins niche improves with XRP pushing against barriers

The market expects the resolution to this bottleneck convinced that without Bitcoin's participation it will be difficult to consolidate gains in the Altcoin niche. But recent history does not support this theory.

More Bitcoin News

Ripple bulls woke up and pushed XRP/USD towards $0.27 in a matter of minutes

Ripple’s XRP has jumped from $0.2600 to $0.2680 in a matter of minutes. By the time of writing, XRP/USD has retreated to $0.2670, though the upside momentum remains strong.

More Ripple News

Litecoin price analysis: LTC/USD moves within a short-term upside channel

Litecoin has retraced from Monday’s high of $73.86 to trade at $72.50 by the time of writing. The fifth-largest coin with the current market value of $4.58 billion has been range-bound with bullish bias on Tuesday.

More Litecoin News

Ethereum (ETH) price analysis: ETH/USD bulls knock at $200.00

The second-largest cryptocurrency with the current market capitalization of $21.4 billion stopped within a whisker of critical $200.00 during early Asian hours. 

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast

BTC

ETH

XRP