Ripple Inc., payment gateway for hundreds of assets in addition to digital currencies has announced the closure of btc2ripple gateway for all US residents starting September 1, 2015.
Btc2ripple gateway is 1 of the hundreds of gateways on the Ripple Trade platform which is used to buy or merchandise BTC to XRP (Ripple’s IOU). On September 1, Ripple volition nigh downwardly the btc2ripple gateway for all U.S. residents, which volition disallow whatsoever Americans from purchasing or depositing BTC using Ripple Trade accounts.
In a statement, the btc2ripple squad announced, “We are discontinuing the btc2ripple service for U.S. residents. All non-U.S. customers volition accept amount access to our service equally usual. Starting Sept 1, 2015, yous volition non hold upward able to brand BTC deposits to your Ripple Trade line of piece of job organisation human relationship or brand BTC withdrawals from your Ripple Trade account.”
If whatsoever U.S.-based accounts concur BTC on or afterward September 1, all bitcoin volition hold upward forfeited.
The bulk of Ripple Trade users are based inward the United States, in addition to and then the closure of btc2ripple may lead to a large turn down inward bitcoin/xrp trading book on its platform.