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
Post by twetch#2951
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.
What the chain says
- Block
- 667 742
- Time
- 2020-12-29T19:31:24Z
- Signer
- 1L1TcimoG4z6L8HLsEzhd6xLfPhnpzZM9U
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2951
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1L1TcimoG4z6L8HLsEzhd6xLfPhnpzZM9U Verified