Re:MoneyGram Signs Deal to Work with Currency Startup Ripple
by justboxing on Friday January 12, 2018 @08:17PM
(#16137696)
> why would the remittance operators be willing to hold XRP now?
They don't hold it forever. The sender and receiver hold XRP only for the period of time that the transaction is confirmed and settled, and according to Ripple CEO Brad Garlinghouse, this time is as little as 3 seconds.[1]
They don't hold it forever. The sender and receiver hold XRP only for the period of time that the transaction is confirmed and settled, and according to Ripple CEO Brad Garlinghouse, this time is as little as 3 seconds.[1]
Source: See https://youtu.be/vnGNycbhJlE?t=388 at 6:28. He explains this.