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This happened at about 1:45pm local time.
There were some behavior changes after the upgrade:
Maybe this is obvious all along to some people. Anyway, I just figured this out. So I thought maybe it's worth sharing.
Previously I thought the bridging consists of two transactions, both on XRP ledger. One from fiat currency A IOU to XRP, the other from XRP to fiat currency B IOU.
Then I saw this:
https://www.xrpchat.com/topic/10981-xrapid-uses-crypto-exchanges-to-route-payments-in-real-time/
So Miguel Vias said in the pilot they used liquidity on bitstamp and bitso. However it's seems the trading volume of XRP/bitso.MXN since the beginning of 2017 is so low that it's virtually no liquidity there. See this:
https://xrpcharts.ripple.com/#/markets/XRP/MXN:rG6FZ31hDHN1K5Dkbma3PSB5uVCuVVRzfn?interval=1d&range=1y&type=candlestick
Then I realized, just like bitstamp, bitso has its own exchange and the liquidity there is much better.
https://bitso.com/trade/market/xrp/mxn
So now it's clear to me there is another way for XRP to bridge cross-border payments. The originat…
Previously I thought the bridging consists of two transactions, both on XRP ledger. One from fiat currency A IOU to XRP, the other from XRP to fiat currency B IOU.
Then I saw this:
https://www.xrpchat.com/topic/10981-xrapid-uses-crypto-exchanges-to-route-payments-in-real-time/
So Miguel Vias said in the pilot they used liquidity on bitstamp and bitso. However it's seems the trading volume of XRP/bitso.MXN since the beginning of 2017 is so low that it's virtually no liquidity there. See this:
https://xrpcharts.ripple.com/#/markets/XRP/MXN:rG6FZ31hDHN1K5Dkbma3PSB5uVCuVVRzfn?interval=1d&range=1y&type=candlestick
Then I realized, just like bitstamp, bitso has its own exchange and the liquidity there is much better.
https://bitso.com/trade/market/xrp/mxn
So now it's clear to me there is another way for XRP to bridge cross-border payments. The originat…
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