Ripple and REMME joined Hyperledger

In total, 14 new member joined Hyperledger consortium
29 March 2018   1496

Founded by the Linux Foundation, the Hyperledger consortium has been enriched by 14 new members, including Ripple and REMME, a Ukrainian startup specializing in security solutions.

Through our partnership with Hyperledger, developers worldwide will be able to access Interledger Protocol (ILP) in Java for enterprise use. The Hyperledger Quilt project connects Hyperledger blockchains with other ILP-capable payment systems such as XRP Ledger, Ethereum, Bitcoin (Lightning), Litecoin, Mojaloop and RippleNet, helping us to deliver on our vision for an Internet of Value – where money moves as information does today.
 

Stefan Thomas

CTO, Ripple

Other new members of Hyperledger include:

  • Beijing Truth Technology
  • Blockchain Technology Partners
  • CULedger
  • Greenstream Technology
  • KompiTech
  • MATRIX Foundation
  • Shenzhen Rongxun Technology
  • Spin Systems
  • Versia
  • Xiilab Co

To date, the consortium has more than 200 organizations from 25 countries that work in such areas as finance, the Internet of things, the supply chain, industrial production and technology.

Previously, Interledger protocol worked only with JavaScript, but last year Ripple entered into an agreement with the Japanese company NTT Data to improve it. After the completion of the development, the company sent Hyperledger a new product, later named Hyperledger Quilt.

SendFriend to Raise $1.7 from Ripple & Mastercard

SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018
13 February 2019   164

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.