MasterCard, Ripple, Barclays Fund US XRP Remittance Firm in $1.7 Million Seed

Global remittance startup SendFriend has raised $ 1.7 million in pre-seed funding by 13 participants. The US company announced Monday that it had received support from MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, TechStars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. Other companies that joined the round at an earlier stage include Deloitte and New York Angels. Thanks to @BuiltInNewYork for including us on their list of 50 Startups to Watch in 2019. Excited for a fun year ahead! #fintech #sendfriend #nyctech https://t.co/9OxD8xIQVG — SendFriend (@sendfriendinc) February 5, 2019 Partnership with Ripple Labs Launched in May 2017 by a

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Indians Lost $2.3 Billion in Remittance Payments in 2018; Can Bitcoin Help with Near-Zero Fees?

According to The Times of India, money transfers cost citizens and non-residents over $ 2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance. Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero. Dear @arunjaitley @narendramodi Rs. 15,000 crores. That's just remittance fees paid by Indians in a year. Crypto has the potential to bring down this cost to almost Zero. All this money could go to the people. Let's join the revolution & find solutions #IndiaWantsCrypto pic.twitter.com/zeNZ6FQgw7 — Nischal

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Remittance Startup Bitspark Drops Bitcoin Over Network Fees (news.bitcoin.com)

This week the Hong Kong-based bitcoin remittance provider, Bitspark, has announced the firm is switching its services over to the Bitshares blockchain instead of using bitcoin because it is “better suited for the company’s business.”
Also read: Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies

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Bitpesa CEO Claims Bitcoin-Based Remittance Companies Have Reduced Costs by 75% (news.bitcoin.com)

Bitpesa founder and CEO, Elizabeth Rossiello, has claimed that bitcoin-based remittance services have reduced the costs of international payments by 75%, and reduced the average time of settlement from 12 days to approximately 12 hours. Rossiello also discussed the African cryptocurrency economy and changing

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Remitano Expands Bitcoin Remittance Services Into Nigeria, Kenya, and Tanzania (news.bitcoin.com)

Cryptocurrency exchange Remitano has expanded beyond Asia to offer its bitcoin remittance services to millions of citizens in Africa.
Also Read: Bitmari Becomes First Bitcoin Company to Partner With an African Commercial Bank
Remitano Now Provides Remittance Services to More Than 10 Different Nations
The remittance industry…

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