Author

Topic: [ANN] rippleCN, the first ripple gateway issuing CNY (Chinese Yuan) (Read 2166 times)

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
english still not available?
member
Activity: 75
Merit: 10
so what are the requirements to start a ripple gateway? are there any?
full member
Activity: 130
Merit: 100
Hmm… I'd like to try it.
newbie
Activity: 51
Merit: 0
Tried it and maked some test.
hyh
full member
Activity: 182
Merit: 100
1XGKpTag3kNJeeFtsnTYs6TfvWvgG2DtR
rippleCN, a ripple gateway issuing CNY (Chinese Yuan) was started 2 weeks ago.
We've already got about 200 trusts and some trading volume.
(See here: https://ripple.com/graph/#rnuF96W4SZoCJmbHYBFoJZpR8eCaxNvekK)

So far our users are mostly Chinese. Now it's time to introduce it to the English speaking community on bitcointalk.  Wink

Brief policy documentation:

  • We issue 1 CNY for each CNY we receive, and
  • We send 1 CNY (through Alipay) for each CNY IOU returned to us.
  • No fee is charged for transaction of IOU’s right now.

More information about my gateway can be found here: http://ripplecn.com/about/

(Quick start: set rnuF96W4SZoCJmbHYBFoJZpR8eCaxNvekK as CNY issuer to trade XRP/CNY.
One way to fund CNY is trade bitstamp USD with rippleCN CNY,
Currently there are buy orders at 6.23 and 6.20, which is a better rate than the official rate.)
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