SendFriend Goes Live With XRP-Powered xRapid, Says Texas Is on the Roadmap

SendFriend, a next-generation remittance company, is now live with xRapid, Ripple’s XRP-powered solution for moving money across borders. The digital asset is designed to make transactions fast, cheap, simple and secure.

SendFriend announced on Sunday that it has launched its service in New Jersey to allow overseas Filipino workers to send money back home, tapping into the $11 billion that is sent each year to the Philippines from the US.

XRP, the world’s third-largest cryptocurrency, is used as a liquidity vehicle for cross-border payments, enabling SendFriend to circumvent the corresponding banking system and convert USD to XRP to PHP in seconds instead of days.

Read more at The Daily Hodl

#XRP #adoption #Payments

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