How to trade bitcoin for ripple
In practice, gateways are similar to banks, yet they share one global ledger known as the Ripple protocol. Consultative Group to Assist the Poor. Retrieved July 12, Views Read Edit View history. Stanford Graduate School of Business.
Internet and Network Economics: Retrieved June 30, Ripple allows users or businesses to conduct cross-currency transactions  in 3 to 5 seconds. Dogecoin Gulden Litecoin PotCoin. ByRipple Labs was involved in several development projects related to the protocol, releasing for example an iOS client app for the iPhone that allows iPhone users to send and receive any currency via their phones.
Venkatesh October 8, Retrieved March 17, Retrieved August 18, Institute of International Finance. Furthermore, gateways redeem ledger balances against the deposits they hold when currency is withdrawn.
Ripple was described as a significant competitor, in part because of its real-time international money transfers. Retrieved August 18, Real-time gross settlementcurrency exchangeremittance.
The partnership marked the first network usage of the Ripple protocol. When a user conducts a financial transaction in a non-native currency, Ripple charges a transaction fee. Medieval Banking with a Digital Twist". In FebruaryFidor Bank announced they would be using the Ripple protocol to implement a new real-time international money transfer network,  and in late How to trade bitcoin for rippleit was announced that Western Union was planning to "experiment" with Ripple.