Author Topic: Suggestion: BitUSD -> USD Ripple Gateway.  (Read 4317 times)

0 Members and 1 Guest are viewing this topic.

Offline luckybit

  • Hero Member
  • *****
  • Posts: 2921
    • View Profile
  • BitShares: Luckybit
We have the capability at least in theory to set up a Gateway in Ripple which accepts BitUSD for real USD. Users would be able to transfer their BitUSD to that gateway and have it go directly into their bank accounts.

This would be a game changing feature so it should be a high priority to implement it.

https://ripple.com/guide-to-ripple-gateways/

If we can get a Ripple USD Gateway up and running then onto the assets like BitGold, BitBTC, BitLTC, all which could utilize Ripple the Ripple gateway.

So we should start with BitUSD -> USD but eventually AnyBitAsset -> AnyAsset. This would in theory allow people to exchange anything through these sorts of setups but I don't know how easy it is to set a Ripple Gateway up.

If it costs a lot of time and money to set up then lets crowdfund it. Offer a token on the Bitshares chain which people can buy and once it's set up then everyone can get paid something back in gifts.
« Last Edit: August 21, 2014, 04:17:54 pm by luckybit »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads