SendFriend Utilizes xRapid, Backed by MIT and Mastercard

SendFriend Utilizes xRapid, Backed by MIT and Mastercard

xRapid will be utilized by a consumer payments platform called SendFriend which is backed by MIT and Mastercard. The founder of MIT, David Lighton commented, “These are real-time settlements, so we don’t have to do pre-funding, we don’t have to park money in the receiving corridor and then manage the foreign exchange risk.”

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