News for hackers. Stuff that matters.

A comment on Ripple Slides After Coinbase Says Not Adding New Crypto Coins. Parent comment

Re:Ripple Slides After Coinbase Says Not Adding New Crypto C... by charlesdm on Thursday January 04, 2018 @05:27PM (#16074691)
But the currency is not required for banks to actually use the system? I'd be all over this, but it seems banks are only interested in the Ripple tech, and don't require (a lot of) XRP to operate the Ripple tech.
[ Parent | on HN ]
Re:Ripple Slides After Coinbase Says Not Adding New Crypto C... by thealfreds on Thursday January 04, 2018 @05:40PM (#16074784)
Correct xCurrent doesn't require XRP and just the xRapid product uses XRP to process payments. The thought is that XRP would be a universal currency for the payment processing portion and separated from the xCurrent ledger solution.
[ Parent | on HN ]
Re:Ripple Slides After Coinbase Says Not Adding New Crypto C... by shepardrtc on Thursday January 04, 2018 @11:06PM (#16076443)
They don't have to use it, but they'll save 30% on the cost of a transaction by using XRP. Why wouldn't they?

> it seems banks are only interested in the Ripple tech

No bank has ever said that. Some have said that they're not using XRP yet, but that's because they're simply beginning trial runs of the technology.

[ Parent | on HN ]
Re:Ripple Slides After Coinbase Says Not Adding New Crypto C... by edzorg on Friday January 05, 2018 @08:10PM (#16083193)
If you want to see that same tech in action but on a public blockchain, check out Stellar.
[ Parent | on HN ]