SendFriend gets $1.7M for blockchain-based remittance led by MIT, Mastercard

SendFriend, a New York-based blockchain startup specializing in international money transfer to the Philippines, has raised $1.7 million in pre-seed funding from a group led by MIT Media Lab, Mastercard Foundation, Ripple and Barclays. Other investors include Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal Capital. The blockchain-based platform, set to launch service from New Jersey and expand to other U.S. states, will allow customers, mostly overseas Filipino workers, to transfer funds back home for about 65 percent less than what is currently on the market, according to David Lighton, co-founder and CEO………………

Source: SendFriend gets $1.7M for blockchain-based remittance led by MIT, Mastercard

Advertisements

Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now

In the journey to digitalizing trade, blockchain and distributed ledger technology (DLT) have emerged as powerful technologies promising to bring tremendous new opportunities for trade finance. At the 2018 Singapore Fintech Festival, experts discussed the many opportunities that blockchain brings to the table, with Jim Sullivan, deputy assistant secretary for services at the US Department of Commerce of International Trade Administration, citing two core areas for blockchain: trade finance and supply chain. Sullivan spoke about an advisory committee for the US Secretary of Commerce that is working to evaluate different standards across the world and the feasibility of leveraging blockchain in trade finance…………

Source: Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now

Bitcoin Cash Price Analysis January 22: Above most of market, retesting $130?

https://www.pivot.one/share/post/5c499c781d57e76b56d07ab1?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Zilliqa shares final updates before mainnet launch end of the month

https://www.pivot.one/share/post/5c499e4dad59e7470dee9eb9?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Binance Launches Billion Dollar Bet on Bitcoin and Crypto, XRP Whale Surfaces, and Alleged IOTA Scammer Arrested

– Crypto Update https://www.pivot.one/share/post/5c499dd31d57e76b64b94075?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Blockchain Security Experts Claims That $2.5 Million is Stolen From Crypto Exchanges Daily

https://www.pivot.one/share/post/5c496d72016de70bb6160d37?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Kidnappers Demand $9 Million in Monero (XMR) from Norwegian Billionaire

https://www.pivot.one/share/post/5c371fe3016de74ca8b53c35?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Where Are They Now?: Japan, The Birthplace of Cryptocurrency Exchange Regulations | BTCMANAGER

https://www.pivot.one/share/post/5c2c8b1f1d57e77a2442f2ed?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

A bill has been introduced in Wyoming’s state legislature to establish financial technology sandbox in order to boost innovation in this space. Introduced last week, the “Financial Technology Sandbox Act” seeks to create a financial technology sandbox for the testing of financial products and services in the state of Wyoming.

Source: Wyoming ‘financial technology sandbox’ bill seeks to boost blockchain and fintech innovation – TokenPost

Italian government brings together 30 experts to build national blockchain strategy – TokenPost

Italy’s Ministry of Economic Development has brought together 30 experts in a bid to boost the country’s blockchain strategy, CoinDesk reported.In September, the ministry had launched a call for applications for the selection of up to 30 members of a group of experts for the drafting of a national strategy on distributed ledger technologies (DLTs) and blockchain.

Source: Italian government brings together 30 experts to build national blockchain strategy – TokenPost