As reported in the previous cover of Ripple / XRP in EWN, Mercury FX announced via Twitter that using XRP on RippleNet they transferred £ 3,521.67 or $ 4,552.41 and saved £ 79.17 and 31 hours during a cross border transaction [from U.K. to Mexico] as seen in the post below.
– Mercury-fx Ltd (@mercury_fx_ltd) 17 January 2019
Later, the crypto-enthusiasts who tried to find the transaction on the register were not lucky. With that many believed that there was a private ledger that uses XRP for xRapid txn.
So the talk was taken on Twitter as David Schwartz was mentioned and questioned on hidden book.
It is difficult to imagine how such a merger would be. It should follow the rules of the public ledger. It's a bit fun, I was thinking about how good it would be today if I could run the XRPL software in a private accounting mode and then bridge …
– David Schwartz (@JoelKatz) 10 January 2019
… to the public ledger. For example, you might have a resource issued on both master books that is filled by the validators of the private ledger that multisign txns for the public ledger. In fact it's a nice case to cut taxes and txn sizes.
Ah, strange that you were just thinking about it. To be clear to someone I was discussing / discussing is only an XRP ledger according to the correct protocol?
Yes. The authoritative record of who has which XRP is the XRP register. There are ways in which the real XRP can be used on private registers, but this would require private registry operators to get XRP somewhere to perform bridging.
According to an article published by The Daily Hodl, Ripple's sales manager, Ross D & Arcy, commented that his solutions are designed to make banking transactions as quick and easy as sending e-mails or any sharing of information on the Internet:
"3 clicks, 30 seconds, receive a confirmation that the final beneficiary has been paid in. So easy as we can make a voice chat or exchange emails, it's exactly how we want the payment experience."
"I think Swift is a really interesting example because Swift, if you think about it, sometimes crosses the lines and plays a bit of a political role – we do not see our clients 'transactions – our clients' transactions go on the Internet So Ripple could shut down as a business tomorrow, and our customers could still make transactions using our software, which would not be the case with Swift. "