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Why doesnt Ripple (or someone) develop an XRP based "PayPal"


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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?

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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.

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