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Actually Ripple is not Vaporware. I work for an MTO and we use ripple XCurrent product. XRP enables MTOs to send / receive without having to use USD as an inter
by artellectual 6y ago
Actually Ripple is not Vaporware. I work for an MTO and we use ripple XCurrent product. XRP enables MTOs to send / receive without having to use USD as an intermediary currency. This reduces costs on money transfer and also enables money transfer even when US banks are on holiday. So I can say there is real value in the network Ripple is building and also XRP itself being used as the tool for cross border remittance.
As far as I can see they're delivering on their promises.
- zionic 6y agoWhy not use ether/smart contracts? Seems way better than ripple for this use case.
- artellectual 6y agoBecause who do you contact for support when something goes wrong? The problem cryptocurrency industry doesn't understand is when you work in finance you are heavily regulated. You cannot just work with "decentralized" systems and call it a day. Every action you do is answerable, everything is questioned and scrutinized. Having someone like Ripple and XCurrent as an intermediate as a regulated company helps solve a lot of problems. Since Ripple itself is regulated it's easy to justify to regulators. Ripple is also answerable when transactions delay happens. For Etherereum / Smartcontracts who do you contact for support when transactions SLAs aren't being met?