[ANN] Rippex Bridge is now international!

[Rippex]

Hello Ripplers,

 

We at Rippex are very proud to announce our internationalization - yes!

Ripple’s RCL is gaining awareness lately and we think this is an excellent moment to invite everyone to join us.

 

About Rippex

Rippex was founded in 2014 as a pioneer, being the first ripple gateway for BRL and one of the first distributed ledger startups in Brazil. Since its foundation it has been delivering reliable services to happy and loyal customers.

An year after its foundation, Rippex welcomed 2 of the former leaders of PagSeguro, the biggest e-commerce PSP in Brazil to compose its business development team.

Since its foundation Rippex developed connections in the local market, participated in fintech events as speaker and today it is the main Ripple-related name in LATAM. We have been recognized as one of the leading companies in payments and cryptos in Brazil.

Rippex is developing other projects related to payments and financial services that should be announced this year.

The Rippex team is passionate about distributed ledgers and the impact they can have on how we live our lives.

Follow us on:

https://twitter.com/RippexNet

https://www.facebook.com/RippexGateway/

 

What is the Rippex Bridge?

It is an automated two way bridge between the Bitcoin Blockchain and the Ripple Consensus Ledger that completely ignores and never has any kind of contact with users’ secret keys.

It allows Bitcoin holders to deposit BTC.Rippex (BTC issued by Rippex in RCL) in a Ripple account and Ripple accounts to send Bitcoins to a Bitcoin account using whatever assets they hold that has some liquidity against XRP.

 

Why use the Rippex Bridge?

Simplicity and interoperability are key features for traders, especially heavy traders that have to manage several accounts in different exchanges using GUI or bots. Rippex Bridge requires no API integrations, only configurations on the Rippex account from time to time.

Once the Rippex account is properly configured, traders can send bitcoin from/to exchanges to/from Ripple Accounts unlimited times without having to login at Rippex again.

Used along with our desktop wallet or any other application that keep private keys locally, traders can move BTC between Ripple, exchanges and personal bitcoin wallets very easily.

 

How does it work?

• Create and configure your accounts
  • Create a Rippex account at https://rippex.net and wait for the account validation;
  • Rippex accounts don’t store neither bitcoin nor Ripple secret keys;
  • Create a Ripple account using whatever wallet you want and activate it (we offer a desktop wallet so users can manage their keys locally);
  • BRL users may get some XRPs from our giveaway to activate their Ripple accounts;
• Depositing Bitcoins (see this article in our beautiful help center)
  • Add your Ripple account to your Rippex account;
  • Create a trustline for our BTC issuing address: rKxKhXZCeSDsbkyB8DVgxpjy5AHubFkMFe;
  • After some minutes you will see a Bitcoin deposit address linked to your Ripple account;
  • Send Bitcoins to this address and you will always receive BTCs in your linked Ripple account;
• Withdrawing Bitcoins (see this article in our beautiful help center)
  • Add your Bitcoin address to your Rippex account  - you will receive an address + destination tag linked to that address;
  • Add the address + destination tag as a contact to your Ripple Wallet (i.e. exchange XYZ);
  • Send BTC.Rippex to the address + destination tag and you will always receive bitcoins in your linked Bitcoin address;

 

Security of Funds

Rippex has been safeguarding customers’ funds since its foundation with zero security issues handling digital assets and bank accounts. Our main security premises are:

• We do not hold any customers keys - Ripple keys are managed exclusively by customers themselves so they can keep it as private as they want;
• Our reserve policy is NOT fractional - For each asset issued there is one or more asset stored;
• We keep most of the custodied funds offline;
• The hotwallets are kept in a restricted environment and receive no requests from the internet;
• Only trained employees have access to custodied funds;
• Rippex will publish its storage addresses so anyone can check our solvency state at any time;

 

Roadmap

More coins (obviously!);

More logic to the links between public ledgers;

Wallet improvements;

Wallet Integrations (we are open to integrate with any wallet);

Decentralization of custody, deposits and withdrawals. See this thread:

 

Create your account here:

https://rippex.net/#/conta/criar/verificada/passo1

 

Links featuring Rippex

http://www.coindesk.com/rippex-launches-ripple-gateway-brazil/

http://www.coindesk.com/ripple-big-bank-blockchains/

http://www.coindesk.com/brazilian-senate-report-bitcoin-regulation/

http://www.coindesk.com/digital-payments-vets-brazil-bitcoin-startup/

http://epocanegocios.globo.com/Informacao/Acao/noticia/2014/09/brasileiro-lanca-portal-que-converte-reais-em-ativos-de-dificil-acesso.html

http://www.coindesk.com/ripple-prices-surge-4-month-high/

 

[RafOlP]

I can verify this account is the official Rippex account.

[Tachyon]

This is great news! This will bring a lot of liquidity to XRP and hopefully provide better arbitrage opportunities. Keep up the good work guys!

[Dxeed]

Thanks for the hard work! You guys are doing great things! 

[Sukrim]

Do you require KYC for BTC holders or users of the BTC bridge?

[Guest ripple_mk]

Hi there, I just installed your desktop wallet on the elementary OS. I have created and activated an account via that app. It works great! I have a few questions:

1) Is it mandatory to register and log into rippex via the web?

2) I am planning to use it as a cold storage. Here is what I am gonna do: buy some XRP on gatehub, transfer to rippex desktop wallet, and turn off the online connection in the wallet. Is it the right way to do it?

Please let me know. Thank you.

Edited March 26, 2017 by ripple_mk

[xrpinvestor]

Hello RafOIP I'm from Brazil and very happy about Rippex services.

Do you know how many people are using the Ripple network here? Will we have more liquidit on the Rippex gateway along time? I've noticed that, for now, its difficult to trade or even sell my position for BRLs if I need. Its easy to get IN on the market but looks it is not easy to get OUT for a reasonable price. (Spreads are much higher). I dont want to leave the market because I'm here for long term, but my question is if it will improve along time. Im concerned with the fact that if prices go to high in the future we will have liquidit to exchange BRLs...

Other doubts: Do you know how the things with Ripple shoud start here in our contry... maybe banks, or via eletronic payments, any deal with e-commerce sites. Dont know if you could tell something (and I always think that we have the founder of PagSeguro) but its a pleasure if you do.

 Anyway thanks for your services and good luck for Rippex and Ripple in Brazil!!!

Edited March 27, 2017 by xrpinvestor

[RafOlP]

18 hours ago, Sukrim said:

Do you require KYC for BTC holders or users of the BTC bridge?

Yes, for deposits and withdrawals we do. We have to comply with our legal framework. Although we do believe there are people like you that use privacy just for the sake of it, anonymity opens the door for a lot of undesirable use cases.

18 hours ago, ripple_mk said:

Hi there, I just installed your desktop wallet on the elementary OS. I have created and activated an account via that app. It works great! I have a few questions:

1) Is it mandatory to register and log into rippex via the web?

2) I am planning to use it as a cold storage. Here is what I am gonna do: buy some XRP on gatehub, transfer to rippex desktop wallet, and turn off the online connection in the wallet. Is it the right way to do it?

Please let me know. Thank you.

1 - For deposits and withdrawals you need to create a Rippex account to create the links between accounts.

2 - Cold storage means storing coins in an account that had no contact with the internet, the account creation process is what matters most. Please see some other topics explaining this. Here is a link for one of them:

18 hours ago, xrpinvestor said:

Hello RafOIP I'm from Brazil and very happy about Rippex services.

Do you know how many people are using the Ripple network here? Will we have more liquidit on the Rippex gateway along time? I've noticed that, for now, its difficult to trade or even sell my position for BRLs if I need. Its easy to get IN on the market but looks it is not easy to get OUT for a reasonable price. (Spreads are much higher). I dont want to leave the market because I'm here for long term, but my question is if it will improve along time. Im concerned with the fact that if prices go to high in the future we will have liquidit to exchange BRLs...

Other doubts: Do you know how the things with Ripple shoud start here in our contry... maybe banks, or via eletronic payments, any deal with e-commerce sites. Dont know if you could tell something (and I always think that we have the founder of PagSeguro) but its a pleasure if you do.

 Anyway thanks for your services and good luck for Rippex and Ripple in Brazil!!!

Thank you for the feedback, it's been a pleasure to serve incredible people like you that are exploring all these new markets and moving things forward. Now we are open to the entire community. 

1 - We are working to improve liquidity. We have passed a long period of disbelief on XRP and RCL caused mainly by a misinterpretation of Ripple's pivots. Now that the path is getting clearer, activity is growing. Just like you, we are here for the long run!

2 - "Other doubts" - What I can say is that we have other projects under development that will be deployed this year, and they are very cool . Please keep an eye on us. RIpple usage will grow, no doubt about that.

Thank you all for your feedbacks, please keep saying!

[Sukrim]

KYC is legally mandated for any size of BTC transaction in Brazil? Interesting. To me this hardly sounds like the "bridge" that was previously active on RippleTrade operated by Bitstamp, which allowed sending coins to arbitrary BTC addresses. In your implementation it is not even possible to pay for something you want to buy with BTC, since the withdrawal address is fixed, right? All in all it is just an automated hot wallet setup with a fixed payout address for your existing customers.

[RafOlP]

1 minute ago, Sukrim said:

KYC is legally mandated for any size of BTC transaction in Brazil? Interesting. To me this hardly sounds like the "bridge" that was previously active on RippleTrade operated by Bitstamp, which allowed sending coins to arbitrary BTC addresses. In your implementation it is not even possible to pay for something you want to buy with BTC, since the withdrawal address is fixed, right? All in all it is just an automated hot wallet setup with a fixed payout address for your existing customers.

Not any size, but including anonymous transactions limited to tiny amounts is not worthy in this implementation.

You are right, this service is not designed for small retail payments (like paying a bitpay invoice). I know for a long time that you don't think KYC is a good thing and that your country's privacy rights are very different from the majority of the jurisdictions - and I think it is great if it works there - but applying the same rules globally is not feasible.

Bitstamp stopped the bridge (i believe) because it was an easy way to launder money.

IDK what you meant with "automated hot wallet setup" but yes, It is a bridge for for those who have a verified account with us.

[Woestekip]

Wow i shall use this! For my second XRP wallet

[OlivierA]

Congrats @RafOlP !

Works like a charm.