Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    MicroStrategy Upsizes IPO to $1B for Bitcoin Purchase

    Trump Media Plans $12 Billion Bitcoin Investment

    Trump Media Raises $12 Billion for Bitcoin Acquisition

    Strategy Increases Stock Offering to Acquire Bitcoin

    Bitcoin Long Positions Liquidation Reaches $262 Million

    Samson Mow Urges Elon Musk to Reconsider Bitcoin Strategy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Bittensor Achieves Record 118 Active Subnets in Decentralized AI

    Bittensor Reaches 118 Active Subnets Milestone

    Bittensor Sets Record with 118 Active Subnets

    World Liberty Financial Issues Cease-and-Desist to TRUMP Coin

    Solana Price Fractal Speculates $400 Target for SOL Token

    Maple Finance Expands to Solana with Chainlink Integration

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

SendFriend Integrates xRapid into its Payment Platform to Save Costs

Solomon M. by Solomon M.
November 5, 2018
in Altcoin News, Ripple

The blockchain user adoption is starting to accelerate around the world. More and more companies are starting to recognize its potential. A new payment service provider has allegedly started using Ripple’s xRapid product to reduce the cost of cross-border transactions. 

SendFriend is the latest company to integrate xRapid software into its platform. The payment company, which is backed by Mastercard, TechStars, Barclays, Ripple and MIT Media Lab, will use the xRapid product to save costs as well as improve transaction speeds.

“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,” said CEO and founder of SendFriend David Layton.

Layton said that Ripple’s xRapid provides a high level of efficiency and offers companies and people the opportunity to work more effectively with their capital.

The average cross-border transaction fee at Western Union is estimated at 7 percent. SendFriend has said it would reduce the cost to around 2 or 3 percent. Having spent many years at the World Bank, Layton said it was very difficult to send money from one region to another in the event of an emergency. He said this should never happen again when financially disadvantaged people need to send money quickly to their families living overseas.

The xRapid product is Ripple’s newest digital product that offers a real-time settlement platform for international payments. The technology is built for commercial use and is backed by Ripple’s native token XRP. According to Ripple, xRapid significantly reduces liquidity costs. Payment companies like Catalyst Corporate Federal Credit Union, Cuallix and Mercury FX are already using the xRapid platform.  Whether or not xRapid will help SendFriend reduce cross-border transaction costs remain to be seen.

Tags: BarclaysDavidLaytonMasterCardMITRippleSendFriendxRapid
Previous Post

Bulgarian Officials Caught Selling Passports for Bitcoin

Next Post

Dash Has Launched an SMS-Based Cryptocurrency Transaction Service for Venezuelan Users

Solomon M.

Solomon M.

Related Posts

Bittensor Achieves Record 118 Active Subnets in Decentralized AI

by Solomon M.
June 6, 2025

Bittensor reaches a milestone with 118 active subnets, boosting decentralized AI infrastructure and attracting major institutional backing.

Bittensor Reaches 118 Active Subnets Milestone

by Solomon M.
June 6, 2025

Bittensor expands to 118 active subnets, boosting decentralized AI network growth and engagement.

Bittensor Sets Record with 118 Active Subnets

by Solomon M.
June 6, 2025

Bittensor achieves 118 active subnets, marking significant growth in decentralized AI and expanding its ecosystem.

World Liberty Financial Issues Cease-and-Desist to TRUMP Coin

by Joshua T.
June 5, 2025

World Liberty Financial issues cease-and-desist to TRUMP coin creators amid concerns over unauthorized use of the Trump name.

Solana Price Fractal Speculates $400 Target for SOL Token

by Solomon M.
June 5, 2025

Solana's speculative $400 price target initiated by independent analysts; co-founders maintain tech focus.

Maple Finance Expands to Solana with Chainlink Integration

by Solomon M.
June 5, 2025

Maple Finance integrates with Chainlink on Solana, expanding cross-chain capabilities and enhancing DeFi liquidity.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.