BTC-to-Ripple Gateway to Shut Down for all US Customers
Bitcoin to Ripple gateway service btc2ripple.com has announced it is cutting service for its US customers from September. The company confirmed the news in an email sent out Thursday: The bulletin added that activity solely within the Ripple network, along with service usage by non-US citizens, would be unaffected by the changes. “If you are a US person: While no official explanation for the decision has yet been given, it is notable that Ripple has been engaged in legislative maneuvers over the past year, some of which have run contrary to the perspectives and goals held by the Bitcoin....
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Ripple Inc., payment gateway for hundreds of assets and digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015. Btc2ripple gateway is one of the hundreds of gateways on the Ripple Trade platform which is used to purchase or trade BTC to XRP (Ripple's IOU). On September 1, Ripple will shut down the btc2ripple gateway for all U. S. residents, which will disallow any Americans from purchasing or depositing BTC using Ripple Trade accounts. Btc2ripple is operated by a Lithuanian company UAB SKV3, located in Vilnius. The decision to....
A new service launching in Singapore today uses the Ripple network to acquire, store and convert precious metals into any currency for customers anywhere in the world. Ripple Singapore is a new kind of Ripple 'gateway', which is the name given to the exchange network's entry and exit points. It's Singapore's first major gateway, and the first in the world to offer trade in precious metals. Users maintain a balance in a Ripple wallet (similar to a bitcoin wallet), while the bullion itself is vaulted in Singapore. They can then use that balance to pay anyone instantly in any currency....
Mexican Bitcoin Exhange Bitso has officially launched as the first Ripple Gateway in Mexico. Bitso will be the first issuer of Mexican Peso (MXN) balances on the Ripple Network. The company intends to use the unique characteristics of the Ripple network and protocol to tackle the remittance market between Mexico and the US. Bitso is a Mexican-based provider of cryptocurrency services, including remittance facilities and consultation. The company has offices in Mexico City, Puebla and Vancouver. The intention with becoming a Ripple gateway is to extend service offerings available to its....
Shanghai-based exchange LakeBTC says it has taken a step towards bypassing the delays and costs associated with international transfers by becoming a Ripple gateway. Previously, users around the world wired fiat money to LakeBTC's account directly. However, they may now deposit funds with a Ripple gateway in their local area in any currency, and transfer it to a LakeBTC USD account via the Ripple network instead. The same applies to withdrawals. CEO Thomas Xie told CoinDesk the decision to add the Ripple network transfer option was the result of customer demand and a dissatisfaction with....
Jed McCaleb, the founder of MT Gox, Ripple and e-Donkey, has finally revealed his much anticipated Secret Bitcoin Project. Stellar, a new payment protocol and currency, aims to bridge the gap between cryptocurrencies and fiat by allowing easy and instant exchanges between currencies. The payment protocol, much like Ripple, is based on gateways, which act as banks, holding their user's currency in return for an IOU. An IOU, of say Bitcoin, can then easily be exchanged for an IOU of say USD, via Stellar's inbuilt decentralized exchange and without the gateway taking part. The holder of the....