Description
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.
