A blockchain start-up based in New York, SendFriend have recently received $1.7 million of funding in pre-seeding from the MIT Media Lab. The start-up which specializes in international money transfer to the Philippines said, “Our service is different because we are the only company there to leverage a blockchain technology in a commercial, regulatory compliant way.”
The post SendFriend Blockchain Firm Receives $1.7M Fund from MIT Media Lab appeared first on Incrypts.
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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