Not sure #1 is possible, XRP is "confirmed" in 3 seconds, as in the exchange credits you within ~20-30s after you've sent.
What did you mean by the last one?
Post by twetch#678
ripples pitch was crossborder remitances and settlements. I dont think he means exchange deposits. Even though it all turned out a scam.
but with high enough hashrate 1 confirm should be enough for that too like with BTC
What the chain says
- Block
- 667 741
- Time
- 2020-12-29T19:00:24Z
- Signer
- 1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#678
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1E5wYaMr6BYL3qHSZQ3sPqaQHvaCVoYcfh VerifiedReplies (2)
Their "cross-border remittance" worked by, in the back-end, trading the remitter's USD to XRP-USD on an exchange, then moving it to Bitso, a Mexican exchange they owned part of, and exchanging it on the XRP-MXN pair to MXN which the remittee would receive.
Yes, the remittance business is what I was talking about. Be Western Union SV, basically.