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SendFriend is a blockchain-powered remittance service designed to facilitate fast, secure, and cost-effective money transfers, primarily between the United States and the Philippines. By utilizing Ripple's XRP for transactions, SendFriend aims to revolutionize the $600 billion global remittance market by offering significant reductions in transaction fees—up to 65% lower than the industry average. This innovative platform addresses the challenges faced by millions of migrant workers overpaying due to inefficiencies in the traditional banking system, offering benefits such as direct bank deposits, cash pickups, end-to-end encryption, and real-time tracking of funds. As a recipient of the MIT Media Lab Translational Innovation Alliance Award and the MIT Legatum Fellowship, SendFriend stands out as a promising entity in the web3 and blockchain ecosystem, driven by a team with backgrounds from the World Bank, MoneyGram, and supported by notable investors like Techstars, Barclays Bank, Mahindra Finance, the MasterCard Foundation, and Deloitte.
SendFriend is a blockchain-powered remittance service designed to facilitate fast, secure, and cost-effective money transfers, primarily between the United States and the Philippines. By utilizing Ripple's XRP for transactions, SendFriend aims to revolutionize the $600 billion global remittance market by offering significant reductions in transaction fees—up to 65% lower than the industry average. This innovative platform addresses the challenges faced by millions of migrant workers overpaying due to inefficiencies in the traditional banking system, offering benefits such as direct bank deposits, cash pickups, end-to-end encryption, and real-time tracking of funds. As a recipient of the MIT Media Lab Translational Innovation Alliance Award and the MIT Legatum Fellowship, SendFriend stands out as a promising entity in the web3 and blockchain ecosystem, driven by a team with backgrounds from the World Bank, MoneyGram, and supported by notable investors like Techstars, Barclays Bank, Mahindra Finance, the MasterCard Foundation, and Deloitte.
SendFriend is a remittance service that utilizes blockchain technology to provide fast, secure, and cost-effective money transfers. By leveraging Ripple's XRP, it focuses on enhancing the efficiency of sending money internationally, particularly between the United States and the Philippines. It aims to significantly reduce transaction fees and streamline the remittance process for expatriates and workers, offering services such as direct bank deposits and cash pickups.
SendFriend employs blockchain technology, specifically utilizing Ripple's XRP, to reduce the cost of international money transfers by up to 65% compared to traditional banking systems. The use of blockchain facilitates faster transactions and reduces intermediaries, leading to lower fees. This efficient system benefits users by providing a more affordable way to send money abroad, improving financial access for expatriates and their families.
Using SendFriend provides numerous benefits, including significantly lower transaction fees—up to 65% cheaper than traditional money transfer methods. It offers fast and secure transfers supported by blockchain technology, providing real-time tracking of funds. The service is tailored to expatriates, ensuring seamless integration with existing financial infrastructures, which allows users to send money directly to bank accounts or for cash pickups.
SendFriend stands out from traditional money transfer services by offering a significant reduction in transaction costs due to its use of blockchain technology and Ripple's XRP. Unlike conventional services, which can have high fees and slower processing times, SendFriend ensures faster, secure transfers with real-time tracking and lower fees, catering particularly to workers and expatriates sending money home.
SendFriend has garnered significant recognition within the fintech industry, winning the MIT Media Lab Translational Innovation Alliance Award and the MIT Legatum Fellowship. Its innovative approach to remittances has also attracted investments and support from prominent organizations like Techstars, Barclays Bank, Mahindra Finance, the MasterCard Foundation, and consulting services from Deloitte.
If you encounter any issues while using SendFriend's service, the first step is to contact their customer support for assistance. Ensure you provide detailed information about the issue to facilitate a quicker resolution. You can also check their online help resources or FAQs for troubleshooting steps, often accessible through their website or app platform.
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