Mastercard and Barclays Invest in Ripple-Backed xRapid Project

Ripple, xRapid, XRPMastercard and Barclays, two of the world’s largest financial service companies and banking institutions, have initiated investments into a project backed by Ripple and the company’s XRP-based xRapid service.

SendFriend, a remittance company using Ripple’s xRapid service for cross-border payments, has received investments from MasterCard, Barclays and Ripple itself in the most recent round of funding reported in a press release on Feb. 11. In addition to the...

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