13

I think it's necessary to first consider the question: Without ripple, how do banks "actually transfer money" from one bank to another? Suppose that you and I are banks, and I want to send you $10 million. I'm probably not going to actually physically ship you $10 million worth of bills and coins. Instead, there are a few ways we could do this: You and I ...


10

The way Ripple's public ledger system works is that you propose a payment by specifying the source and destination accounts and currencies and then the system gives you a quote based on public offers. You can then specify a maximum amount you are willing to pay to complete the payment and submit it. If the payment is possible for the amount you offered or ...


5

There is no official list of Ripple Gateways because there is no such thing as an "official" gateway. Anyone can operate one without registering anywhere (other than as required by local laws in their jurisdiction). That hinders the creation of any kind of comprehensive list. There are a few people that attempt to keep somewhat comprehensive lists but their ...


5

There are some existing sources of information for merchants wishing to use Ripple: Brief introduction and overview of Ripple for merchants Merchant's section/pages on the Ripple wiki If you are looking for something pre-implemented and easy to add to an existing automated web commerce check-out page, there isn't much available along those lines at the ...


4

Where can I find the address? The address you need to trust to hold Bitstamp issued currencies is available from the Bitstamp website, but as you noted, you must be logged in to see the relevant page. You can also find the address at https://www.bitstamp.net/ripple.txt under the [accounts] key. The ripple.txt file is documented here: https://ripple.com/...


4

There is a variant of viewing the transaction history at a certain address: http://ripplerm.github.io/ripple-wallet/ Dont forget to switch the network to the test in the upper left corner. Good luck =)


3

Universal In most if not all Crypto 2.0 systems, a Gateway can: Charge the users for IOU deposits Charge the users for IOU withdrawals Ripple In Ripple, a Gateway can set a percentage fee for whenever their IOU is transferred from one user to another. Say, at 1% fee, to send someone $100, one needs to spend $101. The recipient receives $100, while the ...


3

The ledger itself doesn't really care what tags you attach to a payment. They're just used to help exchanges or wallet services know who to credit for a payment. The standard use of the a destination tag is to identify the recipient of a payment. The idea is that whoever or whatever controls the account that received the payment will look at the destination ...


2

Currently, the only functional bitcoin bridge the client directly uses is operated by Bitstamp. The time until they issue a matching bitcoin transaction is completely dependant on how well Bitstamp's automation and bitcoin transaction batching is working. The Ripple side of the transaction completes within seconds. When Bitstamp is operating "correctly" the ...


2

This exact question was asked and answered on the Ripple forums. It appears as if SnapSwap doesn't give appropriate instructions on what the procedure is for sending funds into a brand new Ripple account/wallet. The general procedure is approximately this: First you send then USD via your bank and provide them with your Ripple address. Then they send you ...


2

I don't know of any service that handles all of these. You can use Coinbase to accept bitcoin. If your Paypal account deposits the fiat to a U.S. bank account, you can also use Coinbase to manually "buy" Bitcoin into the same Coinbase account. If you knew the value of your USD account, you could automate the buying of bitcoin via Coinbase API. Manually ...


2

For the same reason you'd choose one exchange over another (in general) even if the other has lower fees. Examples of reasons not related to trading fees for which one might prefer a particular exchange: Higher volume/liquidity Better ergonomics Faster trade execution Easier deposits/withdrawals (especially when fiat is concerned) More trading pairs More ...


2

It is definitely still possible to issue your own assets. Here is the process: Create an account on the Ripple network, you will need to get someone to send you enough XRP to perform transactions, $1 worth should easily do it. Submit a transaction to set the DefaultRipple flag on the account. If you don't do this, people who hold your asset will not be able ...


2

What will happen when a gateway refuses to accept IOUs, and transfer money back to user? Then it's no longer a gateway, it's just some random user of Ripple, and nobody should do business with it. I'd only do business with a gateway that I could sue or press charges against if they reneged. Is there anything similar to 'interest rate' for holding IOUs ...


2

You seem to start out describing the "Authorized Accounts" feature of Ripple, but then you then pivot to freezing. Authorized accounts which allows an issuer to explicitly approve which accounts may hold his issuances. The feature is described here: https://wiki.ripple.com/Authorized_accounts. The "freeze" feature Ripple allows issuers either globally ...


2

error: control directory has bad permissions 777 (must be >=0755 and <=0775) Could it be a permissions problem?


2

One option would be to ask multiple servers: that way you can as sure as you want that. Or you could just run a server—it’s quite simple—and point the wallet to it since, presumably, you wouldn’t lie to yourself.


1

Sounds that right way for you would be to run Bitcoin Core (full node) and develop your own deposit / withdrawal system from scratch. Relying on third party APIs has potential problems with reliablity, security and user's privacy. Some notes: If you plan that single user can deposit BTC multiple times, best practice is to change deposit address with each ...


1

for now there is none... you can only use single destination address


1

Here you can paste the transaction hash and get the transaction details of Testnet transactions. https://testnet.xrpl.org/


1

There is a testnet XRP explorer: https://test.bithomp.com/explorer Mainnet XRP explorer: https://bithomp.com/explorer


1

Contact Bittrex immediately. They may be able to return the funds if the destination address doesn't map to a valid customer. But if it does, they probably already credited that customer and there is likely nothing that they can do.


1

So, after many days I was able to solve this problem. I was able to send transaction from one customer having (NGN) to another Customer who received it in (USD). For others who may likely face similar problem in the future, this are the steps I took to solve this problem. Step 1 I created offers for all the currencies. see example request and response ...


1

Not directly. The gateway would have to create a transaction for each user, to award them their interest. It would not be built into the protocols as demurrage is. So it would really be up to each gateway to decide who would get interest and how much (and if this process breaks down, no interest gets paid)


1

I asked this questions sometimes in November 2016, then I was a newbie to ripple and ripple gateway. So I choose to answer this question for the purpose of those who may like face this same challenge in the future if you are creating offers between two none native currencies this is a good sample request. { "method": "submit", "params": [ { "...


1

Okay I figured it out: first, I set up a trustline from USER_ADDR to GATEWAY_ADDR for 1000 EUR. I made sure that the qualityIn and qualityOut were set to 0, the default value: var trustline = { "currency": "EUR", "counterparty": GATEWAY_ADDR, "limit": "1000", "ripplingDisabled": true, "frozen": false, "memos": [ { "type": "test2", ...


1

A platform for realtime international payments would definitely be possible using the Stellar API. You'd need to first become a gateway on the Stellar network. More on what it means to be a Stellar gateway here. I'd also recommend familiarizing yourself with the Javascript SDK, which lets you integrate a web app (that you build) with the Horizon API server....


1

I'd start by reading the concepts here so you know what stellar will do for you vs what you have to do on your own: https://www.stellar.org/developers/learn/ It also has the API documentation.


1

Did I get this right, that it is possible to exchange a currency within the ripple network? Or is it that you have to convert your currency before you deposit into your wallet? In my example convert USD to EUR then deposit into wallet1 and send EUR to wallet2. Yes, you got it right. Ripple contains order books for any pair of assets. Is there a way I can ...


1

AML is only applied to customer relationships. In this case that would be people that have an account with a gateway and are using said account to either deposit or withdraw massive amounts of money/crypto from the gateway. It cannot apply to rippled balances, as you don't need to provide any information to another entity in Ripple in order to extend a ...


Only top voted, non community-wiki answers of a minimum length are eligible