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Author Topic: Any news from Ripple?  (Read 407 times)
ploum
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November 21, 2013, 04:11:12 PM
 #1

In a parallel world, it seems that Ripple is still existing and got some funding :
https://ripple.com/blog/ripple-labs-raises-3-5-million-in-new-investment-round/

Is there any other activity on the Ripple front? Is there still people buying Ripple for bitcoins?

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Sukrim
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November 21, 2013, 05:05:54 PM
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Ripple != XRP. You can not buy "Ripple", it is a protocol.

30 day volume is at about 8k BTC towards XRP, about 500 BTC towards USD, total volume (in other currencies, USDXRP for example is also quite strong with 660k USD traded in the last 30 days) should be around what BTC-e does in Euros, looking at http://bitcoincharts.com/markets/.

They are hiring like crazy and also on the development front quite a bit is happening with an iPhone app and a Java client library being released. (https://github.com/ripple/)

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November 21, 2013, 05:14:35 PM
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No gateways, no paths, stale prices. This was 6 months ago and remains the same today.
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November 21, 2013, 05:26:30 PM
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Bitstamp and probably soon Kraken are gateways that are well known in Bitcoinland... and there are 3-4 smaller ones as well. Stale prices can easily be exploited with arbitrage bots, there is actually quite some money to be made, especially on the Bitstamp markets.

The biggest issues is still that people think of Ripple as a coin and not an exchange/payment mechanism. I agree the volume is not huge at all, still it is better than nothing and it is fairly nice to work with compared to some other exchanges that seem more erratic from time to time.

I'd recomend using a local rippled and client by the way, if you want to do any serious trading - the "official" servers are overloaded from time to time. That's the main point about using a distributed exchange anyways.

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