streetsofsilver.website - A Ripple Gateway serving Precious Metals, CAD, USD, BTC, and ETH IOUs

[TaylorWarden]

Hello, my name is Taylor Warden and I have been working with @superboon to bring to the Ripple Community a new Ripple Gateway focusing on serving Precious Metals, Fiat Currency, and Cryptocurrency IOUs.  I have experience with operating Ripple Gateways in the past and have written a few open source ripple based repositories on Github.  Superboon acts as a strategic advisor to the company and is an investor.

 

Fee Schedule

 

Precious Metals Deposits

 

All deposits of precious metals incur a flat rate of 0.02 Troy Ounces per Troy Ounce of silver, gold, platinum, or palladium deposited.  

 

Silver Withdrawals

 

All withdrawals of silver incur a flat rate of 0.05 Troy Ounces per troy ounce withdrawn.  

 

Withdrawals of all other Precious Metals

 

For gold, platinum, and palladium, a fee of 0.5% is applied to the withdrawal amount.  

 

Note:  All shipping fees for deposits & withdrawals of precious metals are the responsibility of the client to fulfill.

 

Fiat Currencies

 

CAD 

 

The deposit and withdrawal flat rate fee for Canadian Dollars is $2.75, processed via Interac E-Transfer.  

 

USD

 

The flat rate deposit fee for United States Dollars (USD) is $5.  The withdrawal fee for USD is 2.5% of the total withdrawn plus a flat rate fee of $20.

 

Cryptocurrencies

 

BTC

 

The deposit fee for BTC is 0.005 BTC plus 0.15% of the total deposited and the withdrawal fee for BTC is 0.0075 BTC.  

 

ETH

 

The deposit fee for ETH is 0.005 ETH plus 0.15% of the total deposited and the withdrawal fee for ETH is 0.025 ETH.

 

About Us

 

For more information about us, please visit us at https://streetsofsilver.website/About/

 

Launch Promotion

 

As a welcome promotion we will gift 1g of Silver to the next 50 customers who register with our gateway.  Offer is limited to 1g per person and a minimum deposit of 50$CAD is required.  To sign up, visit www.streetsofsilver.website

[pucksterpete]

On 5/26/2020 at 4:18 PM, TaylorWarden said:

I have experience with operating Ripple Gateways in the past

Hello, which Ripple Gateways in the past?

[TaylorWarden]

14 minutes ago, pucksterpete said:

Hello, which Ripple Gateways in the past?

XAGATE.com which overtook operations of the first Ripple Gateway in Canada, Rippleunion.com, when Singpolyma (Stephen Weber) and jlamothe (Jonathan Lamothe) transferred ownership of their corporation to me in full in 2016.  I opened XAGATE.com on Christmas of 2014 via an announcement on the official Ripple forums which are now down.

[ZIGXRP]

Curious, I had used RippleUnion in the fun early days - Do you have a storefront?

[TaylorWarden]

2 minutes ago, ZIGXRP said:

Curious, I had used RippleUnion in the fun early days - Do you have a storefront?

The founders of Rippleunion's decision to pass the reigns over to me was based on their desire to move on to develop social media applications.  There was also a change in Brand Guidelines for Ripple Gateways at that time in 2016 (since Ripple Labs was reforming into Ripple Inc) and all Ripple Gateways with the mention of "Ripple" in their name had to be removed, so with my Gateway's branding not being a problem with the update, that also played a role in their decision to move on with ceasing operations of their Money Services Business.

We operate online, we do not currently own any retail space or office space, but in the future it would absolutely be ideal to find a suitable office space in my area to have clients access our services on an in person basis.

[TaylorWarden]

 

[TaylorWarden]

 

[jargoman]

On 7/5/2020 at 12:26 PM, TaylorWarden said:

 

You should not be running an exchange given your life circumstances. 

[TaylorWarden]

On 7/7/2020 at 3:47 AM, jargoman said:

You should not be running an exchange given your life circumstances. 

I don't mind you sharing an explanation of why you withdrew your interest in launching a new Ripple Gateway with me to the community. 

Also, if you believe any of our private messages should be public to the community, then I encourage you to share them too, I don't mind.

Last, to any of those in the XRPchat community who do not already know, I am a disabled person born with Spina Bifida and Hydrocephalus.

Edited July 10, 2020 by TaylorWarden
withrew*

[jargoman]

On 7/10/2020 at 12:03 PM, TaylorWarden said:

I don't mind you sharing an explanation of why you withdrew your interest in launching a new Ripple Gateway with me to the community. 

Also, if you believe any of our private messages should be public to the community, then I encourage you to share them too, I don't mind.

Last, to any of those in the XRPchat community who do not already know, I am a disabled person born with Spina Bifida and Hydrocephalus.

You stated you were in care beyond your will. It seemed at the time that you were forcibly placed in a mental hospital

[TaylorWarden]

On 7/14/2020 at 10:49 PM, jargoman said:

You stated you were in care beyond your will. It seemed at the time that you were forcibly placed in a mental hospital

 I have been out of hospital since April 8, 2019, what I had stated was that when I was released from hospital that I was put on a Community Treatment Order.  A CTO is a a legally binding document (that is reviewed every 6 months when voided to determine if a renewal is necessary) which states that I must attend appointments with a doctor for check ups  on the medications that I am subjected to take due to the CTO as well as participate in blood tests to ensure that the levels of those medications remain at a constant level.

Edited July 16, 2020 by TaylorWarden
determine*

[jargoman]

15 hours ago, TaylorWarden said:

 I have been out of hospital since April 8, 2019, what I had stated was that when I was released from hospital that I was put on a Community Treatment Order.  A CTO is a a legally binding document (that is reviewed every 6 months when voided to determine if a renewal is necessary) which states that I must attend appointments with a doctor for check ups  on the medications that I am subjected to take due to the CTO as well as participate in blood tests to ensure that the levels of those medications remain at a constant level.

Ok but you don't seem to be denying that you were committed to a mental institution. A sane person could land themselves in a mental hospital for a short stay. It's still a major red flag but they would be released. A community treatment order shows a doctor thinks you aren't capable of following through with treatment. This paints a picture of a person who needs psychiatric meds to function or they land themselves in care. I've dealt with this situation before and when the person doesn't take their meds they are not capable of functioning. I have no doubt you are very intelligent and rational, i don't know if that's true if you're not taking prescribed medication. If I'm wrong I apologize but a cto isn't something I normally hear about unless it refers to a psychiatric condition

[TaylorWarden]

I am not going to debate my personal life with you any longer in this thread.  I cleared up your assumption that I was currently in hospital and explained further what I said in that one private message I sent you a few months ago.  Last, I abide by all of what my doctor and the order asks of me, she and it respectively does not ask much of me.

It is still of my belief that you can be disabled (physically and/or mentally) and still function in society, an even within competitive industries such as finance/fintech like I have chosen to pursue.  I have one friend that is a university graduate which then went on to become a senior developer for TD Bank, he is restricted to a wheelchair due to disability.

[jargoman]

Being in a wheelchair and being committed to a mental hospital are not comparable. A person who is in and out a mental hospital should not be managing other people's funds. 

You even stated that the funds for the withdrawal I made from ripple-union came from funds awarded to you by ripple. You shouldn't have needed funds from ripple to cover the transaction. You should have had the funds in reserve for each IOU issued on the ledger. 

[TaylorWarden]

13 hours ago, jargoman said:

Being in a wheelchair and being committed to a mental hospital are not comparable. A person who is in and out a mental hospital should not be managing other people's funds. 

You even stated that the funds for the withdrawal I made from ripple-union came from funds awarded to you by ripple. You shouldn't have needed funds from ripple to cover the transaction. You should have had the funds in reserve for each IOU issued on the ledger. 

My physical disability and the fact that I had been in the hospital due to illegal eviction (and issues with prior landlords in the past) was explained in this thread I made back in November 2019.  I am perfectly capable of running a money services business. 

The Canadian Dollars that you withdrew from the XAGATE Ripple Gateway did come from the funds given to me by Ripple Inc., however, there was still thousands of dollars backing the IOUs within the corporate account at that time.  It was posted on the official Ripple forums that XAGATE would never operate any financial position that was overly leveraged.  The maximum amount of leverage we had applied to the issuances within the Fall and Winter of 2017 was approximately 17-20% before I signed the agreement that Chris Larsen & Co. that provided me the XRP to sell to bring back the issuances to a 100% reserve.

To be clear, Streets of Silver's Terms of Service does not have any clauses in regards to leverage as we do not hold any leveraged positions within this business and we do not plan to; We will always operate with a 100% reserve of financial assets issued to the Ripple Consensus Ledger.

 

Last, the orderbooks have been updated as follows today:

 

Silver has seen a 7.47% increase in value over the last 24 hours with the spot price reaching 30.79$CAD and premiums are still remaining high, around 6$ per ozt over spot. 

We are capable of selling our XAG a little bit below the going premium rates of most dealers at this time due to investing at an opportune time.  Our silver is priced on the RCL for 36.50$CAD/ea in XRP.

There is a total of 15 XAG issued to the XAG/XRP pair for 133.859 XRP each.

 

Ether rallied yesterday but has seen a 0.01% decrease in the last 24 hours, currently sitting at 328.53$CAD each.

We may increase our position in Ether in August to offer a larger market depth due to the strong performance and market sentiment going forward with the Ethereum 2.0 network upgrade coming soon.

There is a total of 0.15 ETH issued to the ETH/XRP pair for 1,219.0758 XRP each.

Edited July 22, 2020 by TaylorWarden