Jump to content
RippleLocal

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

Recommended Posts

56 minutes ago, RippleLocal said:

The paperwork hasn't been released by the chamber of commerce yet

Why launch the company before all the paperwork is complete?

 

56 minutes ago, RippleLocal said:

Insurance for what?

You website talks about insurance: "All the transactions done through our platform are handled by our escrow service, therefor the team behind LocalRipple.co can proudly say that we insure every single transaction to a percentage that gets close to 100%."

Share this post


Link to post
Share on other sites
8 minutes ago, RippleLocal said:

How do you trust your socks seller in 2019? What if he secretly sews a poisoned thread into your socks that make you fall in love with him and give him your house and all your belongings.

I think my cat did something like this!

Share this post


Link to post
Share on other sites
1 hour ago, cmbartley said:

Why launch the company before all the paperwork is complete?

 

You website talks about insurance: "All the transactions done through our platform are handled by our escrow service, therefor the team behind LocalRipple.co can proudly say that we insure every single transaction to a percentage that gets close to 100%."

@cmbartley
To answer your questions:

1. Because the platform is ready and we never thought that the paperwork should be a problem.

2. That's the whole purpose of an escrow service isn't it? To insure the parties involved in the transaction that everything goes as it should.

Judging by your questions, I'm not sure you understand the main concept of our platform. We, as a platform are not a party in a trade, we're the middlemen ( escrow service ). We offer the environment for you to trade with other people not with us. We are, as previously mentioned, the escrow.

Let me give an example:
Bob sells XRP to John and wants to receive USD via wire transfer.
1. Bob deposits the XRP payment into the escrow account.
2. John receives the confirmation that the XRP payment is inside the escrow account and then sends the USD payment via wire transfer.
3. Bob receives the USD payment then confirms that he did and then presses the "Release escrow" button.
4. John receives the XRP payment.

We ONLY retain the 1% fee on a successfully completed transaction. This commission is retained from owner of the trade offer ( listing ) which the transaction was initiated from. As a matter of fact if a transaction gets canceled / disputed we actually lose money because the escrow deposit is returned in full ( the money we lose are XRP in the XRP transaction cost ).

Share this post


Link to post
Share on other sites
18 minutes ago, PhiGuy said:

Couldn't have said it better myself...

@PhiGuy Took you a while. 100% predictable though :))
By the way, " :)) " indicates laughing. As in what you do when you hear or say a funny joke.

Share this post


Link to post
Share on other sites
33 minutes ago, RippleLocal said:

@PhiGuy Took you a while. 100% predictable though :))
By the way, " :)) " indicates laughing. As in what you do when you hear or say a funny joke.

Blocked-

if-you-dig-a-hole-and-its-in-the-wrong-place-digging-it-deeper-wont-solve-the-problem-b8999.png

Share this post


Link to post
Share on other sites

The idea behind LocalRipple.co is to emulate the localbitcoins website and on the surface that is not a bad thing. Anything that can help positively promote XRP/Ripple is a good thing after all.

When it comes to this particular website (LocalRipple.co) I have reservations. The TOS are bordering nonsensical for a legitimate, serious business. There is no mention if LocalRipple.co is owned by a company and if so what are their credentials and there is no mention which jurisdiction any potential legal issues will be settled in if things get that far between LocalRipple.co and its users.

There are many more things that can be highlighted but I will not spend more time pointing them out. As it stands there is no need to think of LocalRipple.co as a serious business until or unless they stop hiding behind a veil of anonymity

Look at the manner in which the representative of this website is posting.  The tone is very condescending and is a clear reason why this website should be avoided.

Edited by HazzaHat

Share this post


Link to post
Share on other sites
On 3/21/2019 at 1:35 PM, HazzaHat said:

The idea behind LocalRipple.co is to emulate the localbitcoins website and on the surface that is not a bad thing. Anything that can help positively promote XRP/Ripple is a good thing after all.

When it comes to this particular website (LocalRipple.co) I have reservations. The TOS are bordering nonsensical for a legitimate, serious business. There is no mention if LocalRipple.co is owned by a company and if so what are their credentials and there is no mention which jurisdiction any potential legal issues will be settled in if things get that far between LocalRipple.co and its users.

There are many more things that can be highlighted but I will not spend more time pointing them out. As it stands there is no need to think of LocalRipple.co as a serious business until or unless they stop hiding behind a veil of anonymity

Look at the manner in which the representative of this website is posting.  The tone is very condescending and is a clear reason why this website should be avoided.

@HazzaHat All the "shadiness" will clear as the company papers are finally released but we had a bit of a problem because here in Romania for the chamber of commerce to release the paperwork you have to have signed approval from your headquarters' neighbors. And at this very moment one of the "neighbors" is traveling abroad. We did reach him however and we're waiting to receive his signature but this stalled us a bit.

Hopefully in a couple of weeks we'll have everything set and we'll also release an "about us" page which will contain all the legal information about our company as well as information about the team members.

Share this post


Link to post
Share on other sites
On 3/12/2019 at 9:09 AM, RippleLocal said:

@PhiGuy I'm not sure I understand why the canadian FINTRAC / FINCEN would be a point of interest for us considering that we are not canadian citizens nor is our business canadian based.

So this service is only for Romanians? 

Share this post


Link to post
Share on other sites
On 4/26/2019 at 8:46 AM, RippleLocal said:

This service is available for anyone. Not only for Romanians.

Then why are you not following the regulatory requirements (KYC and AML) in jurisdictions outside of Romania?

Share this post


Link to post
Share on other sites

Hello, you are having serious issues with your platform. Some I found 3 minutes after signing up:

-I am never sent out an sms code when trying to verify my phone number.

-The contact support page is broken as it continuously gives an error message saying that I must type a minimum of 16 characters when in reality I typed well over 100.

-The facebook link is broken.

-The withdrawal xrp address is only for personal wallets and not for exchanges (no option to provide tag).

I hope that you proliferate, but you have a long way to go. Good luck!

Share this post


Link to post
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...