Quote from: Coinseeker on December 11, 2013, 03:50:08 PM

Quote from: BldSwtTrs on December 11, 2013, 03:41:27 PM

Quote from: Coinseeker on December 11, 2013, 03:01:56 PM

Quote from: BldSwtTrs on December 11, 2013, 01:29:52 PM

So I have traded XRP to BTC and now I have 1 BTC on my Ripple wallet. It is a BTC.IOU or a real BTC? Is there any third party risk with keeping that BTC in my Ripple wallet?

Yes, there is absolutely counter-party risk. You are trusting your gateway (issuer) to hold your BTC. They issue you an IOU of that asset to utilize within the Ripple Network. To remove counter-party risk, withdrawal your BTC back to your own BTC wallet.

Thanks.

And does the XRP in my Ripple wallet are also subject to counter-party risk or does this risk only exist with other currencies?

XRP is the only currency, within the Ripple Network, with no counter-party risk.

OK.

And is it possible to deposit fiat inside my Ripple wallet with my bank account?