Ripple : Transaction Fees

Ripple update: Transaction Fees

I’m having a difficult time understanding how to calculate transaction fees when using XRP. Does someone mind explaining it to me? Say I send 10 dollars worth of Ripple vs 1 million dollars worth of ripple. Is there simply a fixed percentage (say, 1 percent) taken for each transaction, or is it more complex than that?

Please forgive me for my incompetence and/or ignorance.

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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.

Author: switchplayer

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