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SnapSwap.us - end of an era


celticwarrior72
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I finally zeroed out my SnapSwap.us balance and removed the trustline to my wallet. :(

Just a note to say thanks to Denis, Dmitry and Anna at SnapSwap.  They created a ground breaking gateway on an incredible new technology and demonstrated that Ripple can indeed be used to move funds anywhere instantly.  SnapSwap.us will be missed.

 

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1 hour ago, tulo said:

Why BTC.snapswap has still high volume?
Who are the crazy BTC holders? 

What happens after today to the issued BTC?

BTC.snapswap === btc2ripple.com

They only do not serve USA customers anymore (they cannot deposit and withdraw). For the rest BTc2Ripple is up and running as usual.

edit: But they have to think of a way for customers to send BTC out of the network. It is possible with RippleTrade but that is only available until March or something (for non-USA customers). You can build withdrawal method yourself by using the federation protocol. Not sure if their engine wil serve USA customers though.

 

Edited by jn_r
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17 minutes ago, jn_r said:

BTC.snapswap === btc2ripple.com

They only do not serve USA customers anymore (they cannot deposit and withdraw). For the rest BTc2Ripple is up and running as usual.

edit: But they have to think of a way for customers to send BTC out of the network. It is possible with RippleTrade but that is only available until March or something (for non-USA customers). You can build withdrawal method yourself by using the federation protocol. Not sure if their engine wil serve USA customers though.

 

Are you sure about this? Can non-US customers withdrawal BTCs?

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17 minutes ago, jn_r said:

yep. Yesterday - last time I used it - it worked for me.

In RT you can send by specifying <bitcoin address>@btc2ripple.com

So if the bridge works, how can they know if it is a US customer or not using it?

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12 minutes ago, tulo said:

So if the bridge works, how can they know if it is a US customer or not using it?

You send using your ripple-address. They could check for withdrawal to see if that address is registered at btc2ripple.com (mine is - for deposit reasons). I don't know if they actually do that. I also remember some setting  of a max10 BTC for not-registered users, but really don't know if that is still applicable. The ultimate test would be to send a little BTC from a not-registered account, but I haven't done that yet..

Edited by jn_r
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I'm from europe but for me the XRP/BTC. snapswap market completely disapeared from rippletrade for me.,

Why is that the case? Did I miss anything?

I can still see the market in ripplecharts. But not in rippletrade anymore.

Anybody got the same problem or know why?

thanks.

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16 hours ago, kanaas said:

let's welcome SnapSwap.eu when it arrives 

Dawn of a new Era: https://snapswap.eu/#/news 

LUXEMBOURG — (12 OCTOBER 2015) — SnapSwap International S.A. announced today that the company has been granted a license to provide services as a regulated payment institution by the Minister of Finance of the Grand Duchy of Luxembourg. The license allows SnapSwap to offer payments, remittances, and currency exchange services utilizing modern cryptographic technologies, crypto-currencies and internet protocols, such as blockchain and open ledger consensus.

SnapSwap will start its operations for the European Union out of Luxembourg in January 2016 under the regulatory supervision of the Commission de Surveillance du Secteur Financier (CSSF) as a payment institution pursuant to the Law of 10 November 2009 on payment services, on the activity of electronic money institution and settlement finality in payment and securities settlement systems.

Edited by rippleric
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  • 3 weeks later...
On 15. Januar 2016 at 2:02 AM, deemdior said:

I'm from europe but for me the XRP/BTC. snapswap market completely disapeared from rippletrade for me.,

Why is that the case? Did I miss anything?

I can still see the market in ripplecharts. But not in rippletrade anymore.

Anybody got the same problem or know why?

thanks.

Same problem here..

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  • 1 year later...

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