We at Rippex are very proud to announce our internationalization - yes!
Ripple’s RCL is gaining awareness lately and we think this is an excellent moment to invite everyone to join us.
Rippex was founded in 2014 as a pioneer, being the first ripple gateway for BRL and one of the first distributed ledger startups in Brazil. Since its foundation it has been delivering reliable services to happy and loyal customers.
An year after its foundation, Rippex welcomed 2 of the former leaders of PagSeguro, the biggest e-commerce PSP in Brazil to compose its business development team.
Since its foundation Rippex developed connections in the local market, participated in fintech events as speaker and today it is the main Ripple-related name in LATAM. We have been recognized as one of the leading companies in payments and cryptos in Brazil.
Rippex is developing other projects related to payments and financial services that should be announced this year.
The Rippex team is passionate about distributed ledgers and the impact they can have on how we live our lives.
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What is the Rippex Bridge?
It is an automated two way bridge between the Bitcoin Blockchain and the Ripple Consensus Ledger that completely ignores and never has any kind of contact with users’ secret keys.
It allows Bitcoin holders to deposit BTC.Rippex (BTC issued by Rippex in RCL) in a Ripple account and Ripple accounts to send Bitcoins to a Bitcoin account using whatever assets they hold that has some liquidity against XRP.
Why use the Rippex Bridge?
Simplicity and interoperability are key features for traders, especially heavy traders that have to manage several accounts in different exchanges using GUI or bots. Rippex Bridge requires no API integrations, only configurations on the Rippex account from time to time.
Once the Rippex account is properly configured, traders can send bitcoin from/to exchanges to/from Ripple Accounts unlimited times without having to login at Rippex again.
Used along with our desktop wallet or any other application that keep private keys locally, traders can move BTC between Ripple, exchanges and personal bitcoin wallets very easily.
How does it work?
Create and configure your accounts
Create a Rippex account at https://rippex.net and wait for the account validation;
Rippex accounts don’t store neither bitcoin nor Ripple secret keys;
Create a Ripple account using whatever wallet you want and activate it (we offer a desktop wallet so users can manage their keys locally);
BRL users may get some XRPs from our giveaway to activate their Ripple accounts;
Depositing Bitcoins (see this article in our beautiful help center)
Add your Ripple account to your Rippex account;
Create a trustline for our BTC issuing address: rKxKhXZCeSDsbkyB8DVgxpjy5AHubFkMFe;
After some minutes you will see a Bitcoin deposit address linked to your Ripple account;
Send Bitcoins to this address and you will always receive BTCs in your linked Ripple account;
Withdrawing Bitcoins (see this article in our beautiful help center)
Add your Bitcoin address to your Rippex account - you will receive an address + destination tag linked to that address;
Add the address + destination tag as a contact to your Ripple Wallet (i.e. exchange XYZ);
Send BTC.Rippex to the address + destination tag and you will always receive bitcoins in your linked Bitcoin address;
Security of Funds
Rippex has been safeguarding customers’ funds since its foundation with zero security issues handling digital assets and bank accounts. Our main security premises are:
We do not hold any customers keys - Ripple keys are managed exclusively by customers themselves so they can keep it as private as they want;
Our reserve policy is NOT fractional - For each asset issued there is one or more asset stored;
We keep most of the custodied funds offline;
The hotwallets are kept in a restricted environment and receive no requests from the internet;
Only trained employees have access to custodied funds;
Rippex will publish its storage addresses so anyone can check our solvency state at any time;
More coins (obviously!);
More logic to the links between public ledgers;
Wallet Integrations (we are open to integrate with any wallet);
Decentralization of custody, deposits and withdrawals. See this thread:
Create your account here:
Links featuring Rippex