GMO Coins enlarges its offering

Partnership with Ripple helps to bring in new businesses
27 November 2017   1370

GMO Coin revealed its plans to broaden offerings, for that purpose the cryptocurrency exchange uses Ripple set starting November 29. After joining the company will offer several types of cryptocurrency including Bitcoin, Litecoin, Bitcoin Cash and Ethereum. Representatives of GMO Coin revealed about their intentions to use Ethereum Classic. The certain date is not known yet but the company suggested that it will be in December.

Previously GMO Coin told that they wanted to start a Bitcoin Mining Business with help of progressive semi-conductor cheaps and high-power computers. The mining center will be established in North Europe.

Despite such extensive plans there were some problems with the trade of cryptocurrency. Technical support of the company received many complaints on  November 22 but GMO Coin reported that all errors were fixed. Representatives of the exchange said that it was just a technical glitch.

 

SendFriend to Raise $1.7 from Ripple & Mastercard

SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018
13 February 2019   160

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.