Topic: Ripple and insolvency issue (Read 416 times)
I don't think Bitcointalk can answer that, only their lawyers and staff and even then they probably won't tell the truth, a lot of financial companies get by on the idea of you not knowing just how much they actually own in whatever they trade.
dear all,
I was thinking about the Ripple system.
does exist the risk that a gateway (or, even worst, all the gateways) does not have sufficients found to convert xrp in euro or dollars?
I was thinking about the case in which the gateway invest the founds deposited in bad investments or in not easy liquidable assets or the case in which the deposited euro or dollars are not suffient to repay the current value of the ripple currency (due to an high increase in value).
in other words, does ripple have rules to prevent insolvency?
Regards
I was thinking about the Ripple system.
does exist the risk that a gateway (or, even worst, all the gateways) does not have sufficients found to convert xrp in euro or dollars?
I was thinking about the case in which the gateway invest the founds deposited in bad investments or in not easy liquidable assets or the case in which the deposited euro or dollars are not suffient to repay the current value of the ripple currency (due to an high increase in value).
in other words, does ripple have rules to prevent insolvency?
Regards
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