Ripple update: Domestic Wire to BITTREX nearing 48 hours. Proves banking needs Ripplenet.
I signed up for BITTREX fiat trading. I was approved in 24 hours and sent my first $1000 in via domestic wire transfer sent from my bank. That was almost 48 hours ago (and it cost $25). I cant see it, I don’t know the status, and I don’t know if it’ll get kicked backed for some error.
If this is the best the old system/SWIFT can do for a small transaction between 2 US Companies to settle a transaction, how in the world do they think they are going to survive without upgrading to a block chain based system? If both my bank and Bittrex were linked via Ripplnet, I would have been trading 2 full days ago. And saved money
Btw I also sent XRP from my toast wallet to Bittrex wallet. 5 seconds. Less than a penny.
The future is obvious.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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