Looking for an Answer on ILP

[pucksterpete]

I recently sent Enej an email

Quote

Hi Enej,

I recently came across one of your ILP demos (2016) with Gatehub & Bitstamp

ILP video

I have a couple of questions.

Will this feature be available on Gatehub and if so when?

Also, any idea why there isn't an IOU for EUR on Bitstamp, like they have for USD?

Tnx

Pete

If anyone else has any info on this, I would love to know  Tnx

Edited July 11, 2017 by pucksterpete

[Graine]

Should've been by the end of Spring. 
Now, probably, soon(tm)

[pucksterpete]

12 hours ago, Graine said:

Should've been by the end of Spring. 
Now, probably, soon(tm)

Why is it I can only have an IOU in USD on Bitstamp and not EUR?   or can I?

[Graine]

3 hours ago, pucksterpete said:

Why is it I can only have an IOU in USD on Bitstamp and not EUR?   or can I?

There are EUR, GBP and some other Bitstamp IOUs on RCL. Remnants from before they dropped them. Your best bet would be to inquire the respected support department. 

[tulo]

1 hour ago, pucksterpete said:

Why is it I can only have an IOU in USD on Bitstamp and not EUR?   or can I?

I was wondering the same...probably they are not interested into moving EUR volume on Ripple.

[pucksterpete]

man, that would be the connector for the loop in Arbitrage 

[tulo]

Just now, pucksterpete said:

man, that would be the connector for the loop in Arbitrage 

Hopefully soon Bitstamp and Gatehub will be fully ILP connected, so funds will move frictionless.

[pisohamate]

6 minutes ago, tulo said:

Hopefully soon Bitstamp and Gatehub will be fully ILP connected, so funds will move frictionless.

I would love that to happen

[Sukrim]

18 hours ago, tulo said:

Hopefully soon Bitstamp and Gatehub will be fully ILP connected, so funds will move frictionless.

How would they make markets between USD and EUR?

I'd still prefer if they also issued stuff on RCL, ILP is not that great for trading.

[Graine]

2 hours ago, Sukrim said:

How would they make markets between USD and EUR?

Shared MM fund with agreed-upon rates as an approved ILP-connector? 

[Sukrim]

17 minutes ago, Graine said:

Shared MM fund with agreed-upon rates as an approved ILP-connector? 

Yeah... good luck in finding anyone who wants to do that for competitive rates or even at all.

An open market with as little entry hurdles as possible (such as RCL provides) is a better solution for now imho. Anyways, there is enough space for both strategies.

[Graine]

5 minutes ago, Sukrim said:

Yeah... good luck in finding anyone who wants to do that for competitive rates or even at all.

Bitstamp and Gatehub bank with the same bank. All they'd need is to take the bank's rate and apply small spread on it(or even without the spread). If balanced right, they won't even have to move the money at all. It'll be the game of updating internal ledgers (like SBI's regional tokens).

[tulo]

4 hours ago, Sukrim said:

How would they make markets between USD and EUR?

I'd still prefer if they also issued stuff on RCL, ILP is not that great for trading.

I'd do that more than on RCL