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LocalRipple.co - Fastest, easiest and safest way to buy or sell XRP

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Posted (edited)

Hello everyone,

I would like to introduce you to LocalRipple.co
Localripple.co is a trading platform that allows its members to buy or sell XRP to other members.

All transactions within LocalRipple.co are insured by our escrow service.

Some of the features we offer:
 - Country targeting
 - Currency targeting
 - Payment method targeting
 - Live support via built-in ticket system
 - Transaction messaging system with file uploads and watermarking
 - Feedback system
 - Price range targeting
 - SMS notifications
 - Fast, easy and automated transactioning
 - Dispute assistance
and many more...

The fees we perceive:
 - buying XRP is free
 - selling XRP is free
 - posting trade offers is free

LocalRipple.co will retain a flat 1% fee from all transactions insured by our escrow service.
This fee is paid by the user that created the trade offer.

You can find us at: https://localripple.co

If you have any questions don't hesitate to ask.

Edited by RippleLocal

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@RippleLocal - I couldn't see the advantage of buying XRP (it's XRP, not "Ripple" so you should change that here and on your platform) through your system compared to buying through a reputable exchange.

What are the benefits over an exchange?

Also, the process described on the website makes transactions extremely slow - someone puts an offer up, someone else has to find it and accept it, then you have to exchange funds, wait for the funds to clear, put the XRP in your escrow and then wait for the release the XRP from escrow to the buyer.

Could you confirm your escrow address please? Who controls the release of the escrow funds? Is it via autonomous trading system or a person in your office? What measures are in place to ensure the funds are released on payment?

Maybe I've missed something but there's a lot that doesn't add up here...

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Posted (edited)

Cool idea. The name needs to change. It's XRP, not Ripple. Your biggest challenge will be gaining peoples' trust.

Edited by xrp_sea

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6 hours ago, Pablo said:

@RippleLocal - I couldn't see the advantage of buying XRP (it's XRP, not "Ripple" so you should change that here and on your platform) through your system compared to buying through a reputable exchange.

What are the benefits over an exchange?

Also, the process described on the website makes transactions extremely slow - someone puts an offer up, someone else has to find it and accept it, then you have to exchange funds, wait for the funds to clear, put the XRP in your escrow and then wait for the release the XRP from escrow to the buyer.

Could you confirm your escrow address please? Who controls the release of the escrow funds? Is it via autonomous trading system or a person in your office? What measures are in place to ensure the funds are released on payment?

Maybe I've missed something but there's a lot that doesn't add up here...

@Pablo Firstly I'd like to thank you for the very pertinent questions.

The advantages of trading through our platform would be the transaction fees. With us there are no deposit / withdraw fees ( there's no such thing to begin with ), plus you can actually trade anonymously.

The process speed can be slightly higher than through an exchange platform because it requires both trade parties to be online at the same time, however, if they both are the whole transaction can be completed in less than 10 minutes.

And yes, the system is 100% autonomous unless a dispute is filed, in which case a human agent will take over the case.

Either way, to make this a bit clearer, the overall principle is pretty much the same with the one used by LocalBitcoins.com with the only difference that we do not force the members that post trade offers to store their XRP within a wallet of our own.

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1 hour ago, Benchmark said:

@Benchmark It is correct, yes. Trade offers are only posted by members, considering this and the fact that we've launched the service this very morning it is somewhat natural that there are no trade offers... yet.

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1 hour ago, xrp_sea said:

Cool idea. The name needs to change. It's XRP, not Ripple. Your biggest challenge will be gaining peoples' trust.

@xrp_sea Thank you for your kind reply. Gaining trust is no easy task, but I'm positive that as time goes by the trust factor will no longer be an issue.

As for the XRP matter you mentioned, we're handling it.

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You're going to receive an email from Ripple Labs very shortly, should your site gain any amount of traction (or maybe even if not), asking you to cease and desist from use of their name. 

The fact that you could announce a site in such an overtly ham-handed manner where you literally show you don't know the difference between Ripple the company and XRP the digital asset itself certainly does not bode well. You should read the following link with a particular emphasis on the section entitled Unauthorized Use of Ripple Brand Assets, which specifically states you cannot do what you have done:

https://ripple.com/brand-policy/

Quote

As for the XRP matter you mentioned, we're handling it.

Your only option to "handle it" is to register a new domain and attempt this elsewhere, which I would advise against because the nature of XRP itself does not lend itself in any way to this manner of purchase.  But I wouldn't expect you to know that.

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Posted (edited)
47 minutes ago, lysistrada said:

You're going to receive an email from Ripple Labs very shortly, should your site gain any amount of traction (or maybe even if not), asking you to cease and desist from use of their name. 

The fact that you could announce a site in such an overtly ham-handed manner where you literally show you don't know the difference between Ripple the company and XRP the digital asset itself certainly does not bode well. You should read the following link with a particular emphasis on the section entitled Unauthorized Use of Ripple Brand Assets, which specifically states you cannot do what you have done:

https://ripple.com/brand-policy/

Your only option to "handle it" is to register a new domain and attempt this elsewhere, which I would advise against because the nature of XRP itself does not lend itself in any way to this manner of purchase.  But I wouldn't expect you to know that.

@lysistrada 
I appreciate your reply, however I will not give course to your aggressivity. If you consider that blatant discreditation and masked insults are the way people should treat eachother, there's really not much I can do.

We are trying to promote a platform we developed and worked for, and which we hope will be beneficial for other people as well. We are willing to work on it and improve it based on the feedback we receive, because that's what it means build a service in the first place.

Edited by RippleLocal
`

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2 minutes ago, RippleLocal said:

@lysistrada 
I appreciate your reply, however I will not give course to your aggressivity. If you consider that blatant discreditation and masked insults are the way people should treat eachother, there's really not much I can do.

We are trying to promote a platform we developed and worked for, and which we hope will beneficial for other people as well. We are willing to work on it and improve it based on the feedback we receive, because that's what it means build a service in the first place.

6

I don't know what you mean - at all - about "masked insults."  There is no element of masking here.   I am directly indicating - in no uncertain terms - that I think you hastily put together this platform without doing the slightest bit of due diligence.  Not the sort of due-diligence that requires a lawyer.  The sort that requires a brief review of the Ripple website. And...if the truth is insulting, then I am very sorry for you.  But you need only simply read the Ripple website and the link I provided over the use of their name in a domain, you will see that you screwed up.  Maybe it's a mistake; maybe it's inadvertent. If you don't fix it, you aren't legit. 

You wanted to recreate the local bitcoin or local monero model for XRP (which you call "ripple").  That's great... it's not compatible with the nature of XRP, in my opinion, but whatever... I have been wrong before and will be wrong again many times. This is not about that. The objective truth is that you have created something that is not sustainable because Ripple will never allow you to continue to use this domain to do business. Hard stop.

There's a big element of shadiness around your website.  You have a WHOIS which has never been filled out and it's not associated with a known ICANN-accredited privacy service.  That's a big red flag.  Your domain was registered with namecheap, which is widely known to be one of the registrars where you can very easily register a domain on an anonymous basis given their acceptance of bitcoin.  

If I am wrong, why don't you tell us who you are, then? If I am wrong, then why not tell us a little about DRS Media LLC?  As in, which state of the US is this LLC organized within?

 

 

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To Original poster, uh, this??:

The fees we perceive:
 - buying XRP is free
 - selling XRP is free
 - posting trade offers is free

LocalRipple.co will retain a flat 1% fee from all transactions insured by our escrow service.
This fee is paid by the user that created the trade offer

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4 hours ago, lysistrada said:

I don't know what you mean - at all - about "masked insults."  There is no element of masking here.   I am directly indicating - in no uncertain terms - that I think you hastily put together this platform without doing the slightest bit of due diligence.  Not the sort of due-diligence that requires a lawyer.  The sort that requires a brief review of the Ripple website. And...if the truth is insulting, then I am very sorry for you.  But you need only simply read the Ripple website and the link I provided over the use of their name in a domain, you will see that you screwed up.  Maybe it's a mistake; maybe it's inadvertent. If you don't fix it, you aren't legit. 

You wanted to recreate the local bitcoin or local monero model for XRP (which you call "ripple").  That's great... it's not compatible with the nature of XRP, in my opinion, but whatever... I have been wrong before and will be wrong again many times. This is not about that. The objective truth is that you have created something that is not sustainable because Ripple will never allow you to continue to use this domain to do business. Hard stop.

There's a big element of shadiness around your website.  You have a WHOIS which has never been filled out and it's not associated with a known ICANN-accredited privacy service.  That's a big red flag.  Your domain was registered with namecheap, which is widely known to be one of the registrars where you can very easily register a domain on an anonymous basis given their acceptance of bitcoin.  

If I am wrong, why don't you tell us who you are, then? If I am wrong, then why not tell us a little about DRS Media LLC?  As in, which state of the US is this LLC organized within?

 

 

@lysistrada this whole "gigantic" issue you are painting is not that big at all... It's a mere domain name that can be changed within a few hours, what's important however is the idea and the platform itself and what it offers to people out there.

As for the "we are handling it" part, we contacted Ripple and asked for their permission regarding the domain name. Based on their response the domain name will be changed, or not, thus concluding this whole "problem".

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3 hours ago, SilverSailor said:

To Original poster, uh, this??:

The fees we perceive:
 - buying XRP is free
 - selling XRP is free
 - posting trade offers is free

LocalRipple.co will retain a flat 1% fee from all transactions insured by our escrow service.
This fee is paid by the user that created the trade offer

@SilverSailor Buying XRP from another member via their trade offer is free, selling XRP to another member via their trade offer is free. The action of posting a trade offer itself is free. The 1% fee is retained from transactions that were initiated by other members via your trade offers. I'm hoping this explains it.

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