Findeton Posted June 15, 2017 Share Posted June 15, 2017 I understand that banks use the Interledger to move around euros, dollars etc. I also know that the Interledger/ripple platforms are open source and that anyone can run a ripple server. But can I, for example, have an Euro account on a bank connected to the ripple network? Because right now the only way I think I can do something like that is using the kraken (or any other exchange) API. Link to comment Share on other sites More sharing options...
Takio Posted June 15, 2017 Share Posted June 15, 2017 Currently no, in some time probably not, in distant future maybe yes. Link to comment Share on other sites More sharing options...
kiwissz Posted June 15, 2017 Share Posted June 15, 2017 Sandander, NBAD abu dhabi yes Link to comment Share on other sites More sharing options...
Lando Posted July 1, 2017 Share Posted July 1, 2017 (edited) I sent USD to my bank account using Gatehub. You can do this right now using XRP. It took 6 days, but it cleared! Edited July 1, 2017 by Lando Link to comment Share on other sites More sharing options...
Xilobyte Posted July 1, 2017 Share Posted July 1, 2017 @Findeton You can do the same in the EU also. You just have to have the EU bank account first and then be a member of an exchange capable of sending to EU banks. Technically if you had Bitrex, Gatehub or any US based exchange, you can send money to them, but XRP and then transfer that to say, Bitstamp which is an EU exchange, then as a member of Bitstamp you can then withdrawal to your EU bank. You basically save maybe $40 in transfer fees. Link to comment Share on other sites More sharing options...
Bridgette Posted July 2, 2017 Share Posted July 2, 2017 hi there Im trying yo understand the whole process, could i ask a few questions? im in south Africa and if i purchase XRP , who do i convert to money in my pocket. Q 2 how do i purchase them from what program do i download that is safe from being stolen. Thanks Link to comment Share on other sites More sharing options...
tulo Posted July 5, 2017 Share Posted July 5, 2017 Unless banks directly connect to ILP (and offer it to the customers) you can't. Link to comment Share on other sites More sharing options...
BurtMacklin Posted July 26, 2017 Share Posted July 26, 2017 On 6/30/2017 at 9:14 PM, Lando said: I sent USD to my bank account using Gatehub. You can do this right now using XRP. It took 6 days, but it cleared! Did you have to pay a fee for that?? Link to comment Share on other sites More sharing options...
Lando Posted July 27, 2017 Share Posted July 27, 2017 Yes. $15 on top of my minimum $50 transfer. Link to comment Share on other sites More sharing options...
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