kiwixrp

Came across this today. Looks interesting. Anyone used it ?

He's got my account down there as a bot ..what a ******

Can you escrow related to price rather than time ?

And down we go in 3...2...

Can't you just edit the website in your first post and make a note for people to see the other related posts?

Agreed but might be a bit harder then siphoning it out of your bank account overnight.... Not sure how stable a stablecoin would be if bank needs bailing in. How about a Central Bank issued coin ?

When the bank steals your money, anything over the insured deposit amount..because they've been selling subprime mortgages again and giving car loans to people that cant afford them and wrapping them into products the the crooks at the rating agency's give A+ ratings too. Same **** different year.. Which is why we want Stablecoins to keep your wealth in your own wallet and out of the banks reach.

I'm doing it from Dubai company at the moment.. I need to look into it for this part of the world some more

People could send you xrp and you can convert and spend AUD. I do this with most of my contractors now in Europe.

Who's buying the Jpm coin for yen? And this only works for USD related transactions ?

Yep

Cant you just get a wirex card and send it there and then spend it ? Coinflield do XRP/gbp

There some serious money been made in the status quo! "Importantly, remittances are a very profitable business for large operators. Western Union, for example, completed 268 million customer-to-customer transfers in 2016, with a value of $80 billion. Total revenue for the year exceeded $5 billion, with net profits surpassing $250 million.3" .."with the global average cost of sending $500 at just under 5% (World Bank 2017b). Even so, the aggregate cost of sending remittances in 2017 was about $30 billion, roughly equivalent to the total non-military foreign aid budget of the US!" UK businesses overcharged on foreign currency transfers A study has revealed that UK SMEs were overcharged £4,078,000,000 in 2015 while paying for products, services and talent abroad. This cost has risen by almost a billion pounds over the past five years as UK SMEs become increasingly global. More than half of SMEs that transfer money abroad only use their business bank account to make the payments. However, the banks continue to charge a premium on foreign money transfers.

These accounts certainly have to be pre funded unless you can get a line of credit, the illiquidity of these accounts for up to 35% of the cost of international remittance according to swift, there was a report on global treasurer from awhile ago putting the lost opportunity of these accounts at up to 50million for a bank(big bank I would say). The accounts in credit are normally swept at end of each day to settle a different nostro account that might be in debit at another bank. While this is true in banking there is a large amount of corporates who have to hold foreign currency accounts these are nostro accounts as well to settle invoices and receive payments. This is dormant money. That get screwed over by the banks to convert and transfer it back to home countries

👆This and it so much more than the transfer fees. It's the time, it's the daily emails from the receiver about when the funds will arrive. The ripoff bank exchange rates..