Tagged Questions

Gateways are entities in the Ripple network that provide an entry point to the network by accepting deposits and issuing IOUs for them.

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Ripple Singapore states -34.86 XAU balance, but RippleCharts shows 51.9 (September 2014). How come and what does it mean?

As of September 6, 2014, Ripple Singapore's (RS's) IRBA page states -34.86 XAU balance and 40 XAU in reserves. Ripple Charts (Capitalization, XAU) shows about 51.9 at this time. Why the difference? ...
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0answers
33 views

Does Ripple support Gateway interest?

I know that Ripple supports currency demurrage, as in the decrease of amount of currency one has over time. However, I am wondering if the opposite is also possible? Can one automatically program ...
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1answer
34 views

Recurring micro-payments platform

I'm thinking through SaaS platform, where customers will pay little (20-50 cents) fee for daily use. My first thought was to create own internal currency and deduct customer's balance daily. But I'm ...
4
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2answers
300 views

What incentives do Crypto 2.0 systems provide for IOU Gateways?

I am wondering what inventives do various Crypto 2.0 systems provide for IOU Gateways (ones that create currencies backed by other currencies or commodities, like USD, BTC or the like)? Just to be ...
0
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0answers
32 views

Does btc2ripple have some API documentation?

I know that RippleTrade allows one to fund their account through btc2ripple without registering at their website. Do they have some API documentation as to what calls they support?
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2answers
215 views

How to accept payments via Ripple on a website

A web search led to Ripple.com. Is it possible to add the payments via Ripple payment to an e-commerce website? Where can i find source code to implement such Ripple payments? For example, there are ...
3
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1answer
72 views

Must I have an account with every gateway I use as an issuer?

In the Ripple Client, in order to convert to BTC, I need to select a Base Currency (it currently says BTC ???.) I searched for a Base Currency Issuer address and found how to grant trust to ...
2
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1answer
77 views

How would AML techniques work in Ripple?

Can anyone explain how AML rules, alerting, and FinCEN reporting would work under Ripple?
5
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1answer
90 views

Accepting Payments To Bitcoins

I am setting up an online shop to sell digital goods. I would ideally like to accept only Bitcoin payments, however most users do not use Bitcoins or can't work it out. Therefore, I have to accept ...
0
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1answer
147 views

Why would you pay a trading fee for Ripples?

Some exchanges (including BitStamp, JustCoin, Kraken, and many others) charge a nominal 0.5% trading fee for matched orders. However, it is also possible to trade directly on the Ripple network with ...
0
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0answers
34 views

How and when is a Ripple Candidate set converted to a Proposal?

According to this video, Ripple receives Proposals from other trusted servers, and it receives transactions from anyone. At the 2:30 marker, it says that a proposal is only generated when a ...
4
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1answer
292 views

Can I be held liable if a gateway vanishes?

I'm beginning to wonder what my liabilities may be once I start using a system like Ripple. For example if a gateway I'm using (say Bitstamp) suddenly vanishes, could I, as a user of Ripple and ...
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2answers
328 views

Bitstamp ripple bridge clearing time

How long does it takes for a ripple bridge transaction to clear? Bitstamp BTC on ripple -> bitcoin address
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1answer
409 views

When adding funds to wallet via snapswap, what exchange rate is in place?

I just added $1500 to my ripple wallet, but its showing up as XRPs in my wallet. Not only that, but the exchange rate is incredibly terrible, for 500 dollars, ripple gave me 500XRPs? How is it that I ...
3
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2answers
726 views

Is there a comprehensive list of Gateways' IOUs and fees associated with using them?

I am looking for information about the various IOUs issued by Ripple Gateways and what fees are associated with using them - namely fees to get the IOUs and transit fees.
0
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0answers
84 views

What is the standard InvoiceID for a Ripple Bitcoin bridge?

In Ripple, bridges often encode a Bitcoin address as an InvoiceID in a transaction. According to Services API wiki page, InvoiceID is represented as UInt256, so it should be padded. Which is the ...
0
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1answer
91 views

When a Ripple-Gateway charges a fee for third parties exchanging their IOU, how is it determined who pays the fee?

When a Ripple-Gateway charges a transit fee for third parties exchanging their IOU, who pays the transit fee?
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1answer
188 views

Legal question regarding rippling balances between Ripple gateways

Let's say a ripple user were to extend trust to both Bitstamp and Snapswap to owe him 100 USD. He offers to trade USD-Bitstamp-IOU for USD-Snapswap-IOU at an exchange rate of 1:1. Would he have to ...
3
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1answer
137 views

Are ripple transactions reversible like how a CC chargeback works?

Does ripple take the properties of bitcoin where its irreversible?
0
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1answer
145 views

Does Ripple require users to input their ID and personal data?

Currently all the USD to crypto currency exchanges require personal identification before withdrawing to USD. Does Ripple require this? How about the Ripple Gateways that do the currency conversions?
0
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1answer
205 views

why ripple currency exchange trading is slow sometimes?

Bids Sum BTC Size BTC Bid Price XRP 30.58995660 30.58995660 6,000.00000000 Asks Ask Price XRP Size BTC Bid Price XRP 6,000.00 29.07743420 29.07743420 while bids and asks match ...
6
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1answer
770 views

How exactly is Ripple decentralized when OpenCoin has the power to abuse the ripple system?

Let us assume in a best case scenario, the Ripple system gets opensourced this year and the 50 billion XRP are distributed fairly to many people in the world. One of the reasons of having XRP ...
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2answers
683 views

How do you build a Ripple gateway without rippled?

I've noticed that several Ripple gateways now exist, most notably Bitstamp. However, the only documentation I can find on how to create an automated gateway seems to imply that you must have ...
5
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1answer
470 views

How can we be sure that Open Coin would not create more than 100 billion XRP?

ripple server code is still private and beta. There is no legality preventing Open Coin to print more XRP now as it is a private company and the network is not at a stage where it is wide scale ...
4
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0answers
289 views

Law / country specifics to start Ripple Gateway

There is requirement in https://ripple.com/wiki/Gateway_Integration_Manual Gateways should comply with the BSA, have AML policies and require KYC information. As i understand this requirements can be ...
9
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1answer
2k views

How to create a ripple gateway?

I want to know what to do if I want to create a ripple gateway, so that people can use it and exchange on it. Where do I start?
6
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2answers
468 views

How is a Ripple gateway different than a conventional bank?

Everything I've read so far suggests that a Ripple "gateway" is just like a bank. How is it different than a conventional bank? Is it possible to have a bank of banks (central bank) in Ripple?
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1answer
344 views

Ripple: a strange send I don't quite understand

A few days ago I've sent Bitstamp through Ripple 0.3168 BTC. I had 0.4168 Bitstamp BTC before, and 0 BTC balance with everyone else. Now strangely I noticed that instead of Bitstamp owing me 0.1 BTC ...
3
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1answer
365 views

How can I measure outstanding debt? How much “stored value” is in Ripple at any given moment?

Is there any way to measure how much stored value is in Ripple at any given moment? I read that that people who are risk averse won't store cash in Ripple for long periods of time, and will redeem ...
9
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1answer
3k views

Why does bitstamp have two addresses for Ripple?

The bitstamp address "to trust" is rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B, however when you withdraw money, it you get it from rrpNnNLKrartuEqfJGpqyDwPj1AFPg9vn1 instead. Why? With weexchange I got the ...
4
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1answer
4k views

How to find BitStamp's Ripple address? [closed]

I see on the wiki that they're the 2nd Gateway, but don't see anything about it on their site.
3
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1answer
2k views

How do I exchange the issuer of my BTC in Ripple?

I see Ripple now has 2 Gateways, WeExchange and Bitstamp. I sent 1 BTC to WeExchange, and got in return 1 "WeExchange BTC in Ripple". How do I exchange it directly for 1 "Bitstsamp BTC in Ripple"? ...
6
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1answer
244 views

Is there any chance of the Ripple gateway market NOT consolidating into a small transnational oligopoly?

Bigger and better reputations might beget more business and so on. What can possibly prevent emergence of a small oligopoly of transnational Ripple gateways ?
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4answers
905 views

What happens when a gateway on the Ripple network defaults or simply vanishes?

What happens when a gateway on the Ripple network defaults or simply vanishes? Do people that got their money from it lose that money, do other gateways honour the IOUs issued by that gateway still, ...
5
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2answers
261 views

How does a gateway IOU differ from any other IOU on the Ripple network?

How does a gateway IOU differ from any other IOU on the Ripple network? Say, if I got a $1000 from a gateway, does that make it a better currency than say, creating a second account and sending myself ...
7
votes
2answers
540 views

With Ripple, how do Gateway IOUs work?

A Gateway must do two things accept some form of deposit from a user and give the user Gateway IOUs. (Other -> ripple) accept Gateway IOUs from a user and send that user payment. ...