CasinoCoin Moves to Ripple Blockchain

The CasinoCoin Foundation is conducting a coin swap, which concludes on February 14, 2018 at 12:00 GMT, in order to move to a new Ripple-based blockchain
14 February 2018   1528

CasinoCoin is an open source, peer-to-peer cryptocurrency designed for the regulated online gambling industry. CasionCoin has built in wallet tools that enable transparency and open transactions, and the technology which aims to operate at world-class speed.

The CasinoCoin Foundation have announced that they will initiate a coin swap to move CasinoCoin to a new Ripple-based blockchain, aiming to bring a lot of advantages for the users.

The coin swap began on November 25, 2017 and is scheduled to conclude on February 14, 2018 at 12:00 GMT.

Casino Coin New blockchainCasinoCoin New Blockchain

Currently CasinoCoin is based on Litecoin blockchain, but moving to the Ripple blockchain should bring such advantages as faster transaction times, increased coin supply, advanced features like KYC (Know Your Customer) and AML (Anti Money Laundering).

Swap Ratio: 1:1000 (Old to New Coin Swap), the old CSC Blockchain renamed to CasinoCoin Classic (CXX)
Transaction fee: 0.001 CSC

At the moment of press, these are main market parameters of CasinoCoin:

Average price: $0,001951
24h volume: $40 109

SendFriend to Raise $1.7 from Ripple & Mastercard

SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018
13 February 2019   145

New York-based payment startup SendFriend, focused on the use of XRP tokens for international remittances, closed a $ 1.7 million financing round from Barclays and fintech, Ripple, CoinDesk reports.

Mastercard Foundation, MIT Media Lab, Techstars Incubator, Mahindra Finance, 2020 Ventures and 8 Decimal Capital also took part in the round.

Note that SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018.

According to the representatives of the startup, the funds raised will be used to expand the staff, work with the community and marketing.

Initially, a startup will focus on labor migrants from the Philippines who regularly make remittances to their homeland from the United States. Converting US dollars to XRP tokens, and then to the Philippine peso, according to SendFriend, took few seconds.

It is noteworthy that SendFriend commissions will be 65% below the average in the traditional cross-border transfer industry.