bobxrp Posted August 10, 2021 Share Posted August 10, 2021 it's interesting to think about but sites like ebay,freelancer,amazon,airbnd, all have this thing in common where they take a credit card transaction and transfer USD? to the sellers bank account. The most efficient thing to send them would be XRP. So long as the value holds between the time the seller receives the XRP and can transfer it into local currency. so, I just took a credit card transaction for $25. I need to send it to a tour guide in Laos. (Lao kip)... to make it easy say they are in Philippine peso. How does that actually work utilizing XRP? do I need to make a merchant account with SBI? Any guidance welcome, maybe i need to be asking a diff community? As i was saying, the easiest thing seems to send them XRP straight up and worry about how they transfer it into local fiat on their own?? Link to comment Share on other sites More sharing options...
brianwalden Posted August 11, 2021 Share Posted August 11, 2021 While the XRPL makes these exchanges possible in theory. In practice, we don't have the currency issuers to make it happen. You would need a gateway serving Laos who issues PHP on the XRPL. You could then either use the XRPL's DEX or automatic pathfinding to convert your XRP to PHP and send it to your tour guide. The guide would then be able to exchange the tokens for the actual fiat currency with the gateway. Link to comment Share on other sites More sharing options...
bobxrp Posted August 11, 2021 Author Share Posted August 11, 2021 Does coins.ph count as a gateway? I just discovered this site and it makes it super easy to just send the receiver XRP straight up and then let them change it to peso at their convenience. Link to comment Share on other sites More sharing options...
brianwalden Posted August 11, 2021 Share Posted August 11, 2021 They appear to have banned me from even viewing their site. But if they service Laos, it looks like they'll do what you need. Here's an overview I found, but you probably know more about them than I do. https://www.coindesk.com/ripple-affiliate-coins-ph-joins-new-remittance-network-reaching-unbanked-filipinos Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now