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Xendpay Payment Firm uses Ripple for Payment to the Philippines

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Xendpay Payment Firm uses Ripple for Payment

Xendpay, one of the most renowned financial firm recently revealed that it is using Ripple for processing payments to the Philippines. The official tweet said:

Send up to £4,000 to the #Philippines and pay no Xendpay transfer fees. T&Cs apply.

xendpay official tweet announcing partnership with Ripple
Xendpay official tweet

Xendpay claims to offer fast, safe, low-cost and fair money transfer internationally to its customers. The company has been employing RippleNet for many international payments. They have done transfers from the UK to Indonesia, Malaysia, SriLanka, and Bangladesh. Addition of Phillipenes in the list is a new payment corridor with Xendpay.

Xendpay is currently on Top of Ripple’s underlying Technology. The firm now assures quicker settlement which normally takes about one to three working days via bank account. The official announcement reads that;

We’ve created relationships with leading banks across the Philippines to make it simple for you to send money to a bank you’re familiar with. You can send money to all major banks across the Philippines. We know how important it is to be able to keep track of the money you’re sending which is why we keep you throughout the entire process. We’ll confirm once we’ve received your money when it’s been sent to the recipient and we’ll let you know as soon as it arrives at its destination.

RippleNet has already covered almost 40 countries. The latest to join them in North America,  Africa, Europe, South America, and Asia. After the Xendpay announcement Marcus Treacher, Ripple’s Global Head of Strategic Account

At ripple took to Twitter and said it as ‘Splendid News’. The official tweet read as:

Splendid news: Xendpay processing remittance payments to the #Philippines, powered by #Ripple.  Fast, cost-effective, efficient.

#Runsonripple: this is the future of international payments

Marcus Treacher official tweet on xendpay partnership with Ripple XRP
Marcus Treacher official tweet

So if you are looking to transfer funds to the Philippines, Xendpay can help you using the latest Ripple Technology.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.