Setup validating form

Posted by / 06-Jul-2017 22:30

Setup validating form

Please contact us if you need help building and growing your gateway.

Gateways are businesses that provide a way for money and other forms of value to move in and out of the XRP Ledger.

The XRP Ledger has a system of directional accounting relationships, called , to make sure that users only hold issuances from counterparties they trust.

A "trust line" is link between two addresses in the XRP Ledger.

There are three major models that gateways can follow, with different purposes and modes of operation.

, which are digital balances that represent currency or assets of value held by an issuer.

A trust line represents an explicit statement of willingness to hold gateway debt obligations.

An existing online financial institution can expand to act as a gateway in the the XRP Ledger.

Issuing gateways do not need to accumulate or exchange XRP.

They must only hold a small balance of XRP to send transactions through the network.

However, a gateway may still want to provide liquidity to XRP or other popular currencies at a baseline rate, especially when the gateway is new to the exchange.

If you do provide liquidity, use a different address for trading than your issuing address.

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