From the SnapSwap blog:
Quote
Sending USD within the Ripple Network is now free
Today we are eliminating transfer fees for balances issued by SnapSwap. We previously charged 0.2% on each Ripple balance transfer.
This means that anybody can send USD within the Ripple Network absolutely free. Essentially this change in fees makes the money in the Ripple Network as efficient as cash in your real wallet.
We will continue to charge bank transaction fees of 0.99% + $0.30 per transaction for depositing money from a bank account into the Ripple Network and for withdrawing money from the Network into a bank account.
Today we are eliminating transfer fees for balances issued by SnapSwap. We previously charged 0.2% on each Ripple balance transfer.
This means that anybody can send USD within the Ripple Network absolutely free. Essentially this change in fees makes the money in the Ripple Network as efficient as cash in your real wallet.
We will continue to charge bank transaction fees of 0.99% + $0.30 per transaction for depositing money from a bank account into the Ripple Network and for withdrawing money from the Network into a bank account.