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Hello XRP community, I am new to the community and the reason I am here is to request some data of Ripple for my master thesis related to the cross-border payments. Firstly, I need the data of cross-border transaction of Ripple, so far I am not succeeding in getting it. I can only find the graph of daily Ripple transaction on XRPchart, however the data for the graph is also missing. Secondly, Ripple charges 0.000012 XRP for transaction. That is the only fee it charges, and what would be the case for bridge currency of EUR-USD. How Ripple defines the exchange rate. It would be great if you can let me know where I can access to it. Thank you so much for your attention!
- 9 replies
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- cross-border payment
- international transfer
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Hi guys, I know this is a silly question for you advanced investors, and you will probably roll your eyes. I thought I understood how this all works but I am a bit confused now. Can anyone just give me an idea of how the exchange rate works with Coinbase when you are from the UK? I have looked at the Coinbase website for an explanation but it still doesn't seem to fit, so I am a bit unsure. I have substantial funds to transfer but don't want to do so and find out later that I have lost a lot through unfavorable exchange rates. I transfer from my UK bank account in Euros to Coinbase EUR Wallet. When I do this the UK bank website uses the exchange rate at the time (0.88 it has been recently). However when i look at my bank account a couple of days later the exchange rate seems to be closer to 0.92. ...i.e. I transfer 1000 Euros but instead of 880 Pounds going from my account about 920 gone when I look a couple of days later. HOW? is this a Coinbase charge - using higher exchange rates? Also - if I transfer money back from Coinbase to my account should I use the EUR Wallet or the GBP Wallet to do so?? I have totally confused myself with this and could do with some simple guidance/explanation. Thanks. Owen
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Hi guys, I know this is a silly question for you advanced investors, and you will probably roll your eyes. I thought I understood how this all works but I am a bit confused now. Can anyone just give me an idea of how the exchange rate works with Coinbase when you are from the UK? I have looked at the Coinbase website for an explanation but it still doesn't seem to fit, so I am a bit unsure. I have substantial funds to transfer but don't want to do so and find out later that I have lost a lot through unfavorable exchange rates. I transfer from my UK bank account in Euros to Coinbase EUR Wallet. When I do this the UK bank website uses the exchange rate at the time (0.88 it has been recently). However when i look at my bank account a couple of days later the exchange rate seems to be closer to 0.92. ...i.e. I transfer 1000 Euros but instead of 880 Pounds going from my account about 920 gone when I look a couple of days later. HOW? is this a Coinbase charge - using higher exchange rates? Also - if I transfer money back from Coinbase to my account should I use the EUR Wallet or the GBP Wallet to do so?? I have totally confused myself with this and could do with some simple guidance/explanation. Thanks. Owen
