bluedalmatian 19 Posted October 3, 2018 Share Posted October 3, 2018 Given that banks are going to take a while to adopt xRapid, how about Ripple or some other company developing an "average joe friendly" payment system like paypal but which utilises XRP to send payments internationally. It would be like a hybrid of Paypal & Coinbase for its convinience / ease of use but with a fee structure more akin to paypal than cb ? The money would leave the senders bank in their local currency and be deposited in the recivers in their local currency using xrp as the bridge. just an idea ive been mulling over and puzzled why no one has developed it, be interested to hear what peoples views are? Link to post Share on other sites
Guest Posted October 3, 2018 Share Posted October 3, 2018 If I'm not mistaken Ripple was fined for trying to do that a few years ago by Fincen. Link to post Share on other sites
bluedalmatian 19 Posted October 3, 2018 Author Share Posted October 3, 2018 1 minute ago, mr_lazy85 said: If I'm not mistaken Ripple was fined for trying to do that a few years ago by Fincen. really? why? Link to post Share on other sites
Lamberth 1,886 Posted October 3, 2018 Share Posted October 3, 2018 (edited) Just wait for StrataLabs (https://www.stratalabs.io/). Who needs yet another ledger when you can build a connector? Edited October 3, 2018 by Lamberth xrpmommy, kiranbutis and bluedalmatian 3 Link to post Share on other sites
keybordem 321 Posted October 3, 2018 Share Posted October 3, 2018 1 hour ago, bluedalmatian said: really? why? Unlicensed money remitting. There's nothing keeping anyone from making a XRP type PayPal as long as they get the documents that they are allowed. Ripple got in trouble both selling and transmitting money without a license. bluedalmatian 1 Link to post Share on other sites
tulo 3,323 Posted October 3, 2018 Share Posted October 3, 2018 3 hours ago, bluedalmatian said: Given that banks are going to take a while to adopt xRapid, how about Ripple or some other company developing an "average joe friendly" payment system like paypal but which utilises XRP to send payments internationally. It would be like a hybrid of Paypal & Coinbase for its convinience / ease of use but with a fee structure more akin to paypal than cb ? The money would leave the senders bank in their local currency and be deposited in the recivers in their local currency using xrp as the bridge. just an idea ive been mulling over and puzzled why no one has developed it, be interested to hear what peoples views are? How do you convert FIAT to XRP and XRP to FIAT? How do you make the FIAT deposit and withdrawal? It's not as easy as you think unless you have all the banks in RippleNet. Link to post Share on other sites
bluedalmatian 19 Posted October 4, 2018 Author Share Posted October 4, 2018 3 minutes ago, tulo said: How do you make the FIAT deposit and withdrawal Same way Paypal does, over here in the UK it uses DirectDebit not sure what it does in US Link to post Share on other sites
ripplelab 174 Posted October 4, 2018 Share Posted October 4, 2018 There is more in it for Ripple than doing one app for themselves. They want to power every payment app and institution. Link to post Share on other sites
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