The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ripple Expands XRP-Powered xRapid, Boosts Payment Platform Backed By MIT and Mastercard

by Daily Hodl Staff
November 4, 2018
in Altcoins

A consumer payments platform backed by MIT Media Lab, Mastercard and Ripple is integrating Ripple’s XRP-powered xRapid to lower the cost and increase efficiency of cross-border payments.

SendFriend is set to launch this year, and is targeting the Philippines to give expatriates a cost-effective way to send money back home. The project, winner of the MIT Media Lab Translational Innovation Alliance Award, was developed at MIT by CEO and founder David Lighton.

According to American Banker, Lighton says xRapid offers a new level of efficiency.

“That allows us on the back end to be more efficient with our capital. These are real-time settlements so we don’t have to do pre-funding, we don’t have to park money in the receiving corridor and then manage the foreign exchange risk. We can just do it one by one as the transactions go through.”

The platform is designed for the millions of migrant workers who overpay for international money transfers.

SendFriend says the company’s complete list of backers includes Barclays, Techstars, Ripple, MIT Media Lab, Mahindra Finance and the MasterCard Foundation.

Ripple’s xRapid is designed to utilize XRP to power instant cross-border transactions between financial institutions. You can check out more on how it works here.

The Crypto Beat

Ripple Announces Expansion in the Middle East, Reveals Nearly 200 Financial Institutions Have Joined RippleNet

Ripple Reveals XRP Discussions With the Trump Administration, Says White House Is Focused on Crypto

You Can Now Accept XRP on YouTube and Twitch

New Ad From Ripple Mocks Slow Speed of Banks As XRP Platform Launches Instant Crypto Payments Via Text

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Plume Featured in White House Digital Asset Policy Report
    August 1, 2025
  • Hamieverse Taps Abstract to Power Its Debut Blockchain Game and Purpose-Driven Ecosystem
    August 1, 2025
  • Pepe Dollar (PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600
    August 1, 2025
  • Falcon Finance Has USDf Listed on VOOI’s Omnichain Perps and RWA Exchange
    August 1, 2025
  • Meme Coin ‘SATOSHI’ Heralding the Return of Satoshi Nakamoto’s Vision Launches First Presale
    August 1, 2025
  • Naoris Protocol Launches $120,000 Post-Quantum Bug Bounty Amid Growing Cryptographic Security Focus
    July 31, 2025
  • Ten Years of Ethereum – ETH Memecoin Pepeto Ends Stage Six With $5,770,000 Raised in Presale
    July 31, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$113,424.39
$113,424.39
3.06%
Ethereum
$3,529.63
$3,529.63
5.69%
BNB
$761.38
$761.38
4.23%
Solana
$166.23
$166.23
5.26%
XRP
$3.02
$3.02
1.34%

Spotlight

  • Trader Says Bitcoin Still Looks Bullish, Warns He Would Be ‘Very Very Worried’ if This BTC Support Level Crumbles
    July 25, 2025
  • Solana (SOL) Developers Unveil Massive New Update Proposal That Would Escalate Network Capacity
    July 25, 2025
  • Trader Predicts 109% Dogecoin Rally if Major Level Is Reclaimed, Updates Outlook on Avalanche and Two Other Altcoins
    July 25, 2025
  • Arizona Woman Sentenced to Over Eight Years in Prison for Role in Assisting North Korean Hackers Pose as US Citizens in $17,000,000 Scheme: DOJ
    July 25, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl