Ripple Inc., payment entrance for numerous assets and digital currencies has revealed the closure of btc2ripple gateway for all US citizens beginning September 1, 2015.
Btc2ripple entrance is among the hundreds of gateways on the Ripple Trade platform which is made use of to purchase or trade BTC to XRP (Ripple’s IOU). On September 1, Ripple will certainly close down the btc2ripple entrance for all U.S. homeowners, which will prohibit any Americans from purchasing or transferring BTC using Ripple Trade accounts.
In a statement, the btc2ripple group revealed, “We are discontinuing the btc2ripple service for U.S. citizens. All non-U.S. consumers will certainly have complete access to our service as usual. Beginning Sept 1, 2015, you will certainly not be able to make BTC deposits to your Ripple Trade account or make BTC withdrawals from your Ripple Trade account.”
If any U.S.-based accounts hold BTC on or after September 1, all bitcoin will be forfeited.
Most of Ripple Trade users are based in the United States, and so the closure of btc2ripple might cause a big decline in bitcoin/xrp trading volume on its platform.
The post Bitcoin to Ripple Entrance to Shut Down for US Users appeared first on Bitcoin Magazine.