Jump to content

Singapore Ripple Gateway is going to close after this month


Recommended Posts

  • Replies 5
  • Created
  • Last Reply

Top Posters In This Topic

35 minutes ago, winthan said:

If you are holding the Gold and Sliver in Ripple Singapore Gateway address, please be aware that Ripple Singapore will not be continuing the Ripple Singapore gateway service after 31 October 2016.

Just curious to know what happened as it does  not sound a good news...

Link to comment
Share on other sites

6 minutes ago, Rchopra said:

Just curious to know what happened as it does  not sound a good news...

At open book at the gateway,  they got very low trading for long time, and they don't have any PR news or Marketing in south east Asia for gold/sliver trade. 

I don't work for Ripple Singapore, So I don't know real news. But as far as I see the founders don't live in Singapore even at there. 

For Gold trade on ripple network, there is only left with GBI as active, now we got new one BPG which is associated with Gatehub.  

Link to comment
Share on other sites

  • 1 month later...

The two reasons for the closure are

1) due to OCBC Bank shutting down the gateways bank accounts earlier this year without any reasons given and
2) the strategic tack by ripple to banks and financial institutions only. Without access to a growing pool of retail customers and bank accounts. The Ripple gateway is simply not viable.

Ripple chart should remove "Ripple Singapore" from ripple platform. 

@Ripple Support

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.