Why are there no Ripple gateways in the US?

[Alluvial]

We are almost 5 years into this, and there is no US gateway.  

Also, while new exchanges are opening up regularly, I have not seen an increase in gateways.  

Any ideas why there are no US gateways, and why we are not seeing an increase in the number of gateways?

[BDXRP]

USD is efficient already, ripple not targeting USD as much as exotics

[Alluvial]

3 minutes ago, BDXRP said:

USD is efficient already, ripple not targeting USD as much as exotics

What if someone in the US wants to buy xrp on the Ripple network instead of on an exchange (where the xrps are really sitting in the exchange's omnibus account)?  

Considering how far we've come, it just doesn't seem like that person should have to wire money to Slovenia to do that - or buy bitcoin to send to a gateway in Slovenia to buy xrps.  

[dudenamedjune]

http://ugate.online/

 

[Alluvial]

23 minutes ago, dudenamedjune said:

http://ugate.online/

 

Great!!  Can't wait to hear more about it! 

[kanaas]

6 hours ago, Alluvial said:

Great!!  Can't wait to hear more about it! 

hmmm, no team no address, no contact, ..... ????

[Alluvial]

2 hours ago, kanaas said:

9 hours ago, Alluvial said:

Great!!  Can't wait to hear more about it! 

hmmm, no team no address, no contact, ..... ????

Ok, can't wait to hear something, anything about a US gateway.

[bravo]

You can purchase XRP on Kraken.

They say they are Californian.......I got this email today.

Søren (Kraken Support)

Jul 4, 05:42 PDT

Hey,

I've forwarded your verification request to the relevant team, they should get back to you shortly on this.

You'll be able to deposit fiat currencies and trade those against XRP, yes. Other than fiat, you can also trade XRP/XBT. For more information on our wallet services, you can have a look here;

https://support.kraken.com/hc/en-us/articles/115006441267-Does-Kraken-provide-a-wallet-service-

All the best,

Søren

Customer Engagement | Kraken

[Coinseeker]

On 6/14/2017 at 7:52 PM, Alluvial said:

We are almost 5 years into this, and there is no US gateway.  

Also, while new exchanges are opening up regularly, I have not seen an increase in gateways.  

Any ideas why there are no US gateways, and why we are not seeing an increase in the number of gateways?

It's all about the regulatory climate and lack of transactions/volume on Ripple.  Looking from the outside in, there simply isn't sufficient volume or number of transactions to justify the legal costs, compliance, bonds, etc., for all 50 states.  Simply put...there's just too little money it as of now.  Bitcoin volume and transactions are through the roof so it's easy to make the numbers work.  On Ripple, you're basically betting that Ripple will reach those levels and beyond someday.  But when you're talking about ~2 years minimum legal challenges and millions of dollars to become fully compliant...it's hard to justify a "someday" strategy.  Or at least, that's why I personally have no interest at this time.

Edited July 4, 2017 by Coinseeker

[Mercury]

As a supplement to@coinseeker s comment read this article that discusses the challenges to running a compliant Bitcoin business
http://www.coindesk.com/nail-coffin-day-us-regulators-stifled-bitcoin-startups/