rippleCN, a ripple gateway issuing CNY (Chinese Yuan) was started 2 weeks ago.
We've already got about 200 trusts and some trading volume.
(See here:
https://ripple.com/graph/#rnuF96W4SZoCJmbHYBFoJZpR8eCaxNvekK)
So far our users are mostly Chinese. Now it's time to introduce it to the English speaking community on bitcointalk.
Brief policy documentation:
- We issue 1 CNY for each CNY we receive, and
- We send 1 CNY (through Alipay) for each CNY IOU returned to us.
- No fee is charged for transaction of IOU’s right now.
More information about my gateway can be found here:
http://ripplecn.com/about/(Quick start: set rnuF96W4SZoCJmbHYBFoJZpR8eCaxNvekK as CNY issuer to trade XRP/CNY.
One way to fund CNY is trade bitstamp USD with rippleCN CNY,
Currently there are buy orders at 6.23 and 6.20, which is a better rate than the
official rate.)