Ripple : What determines the amount of the transfer fee?

Ripple update: What determines the amount of the transfer fee?

Does anyone know what determines the amount of the transfer fee? I’ve seen many transactions [here](, and all of them have different transfer fees – sometimes it’s just a few drops, sometimes is a whole XRP! I’d be really worried if the transaction fee gets to a point of 1 XRP when the actual price of 1 XRP is $589+.

Any ideas?

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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: injenera

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