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Business model of ripple gateway

http://www.cazoo.jp/blog/

Gateway B

Gateway A
Ripple network
(XRP)

ABAB

() [IOU: USD 1] = [Money: USD 1]


() [IOU: USD 1] = [IOU: XRP 1]

Person A
Money: USD 100

XRP

Person B
Virtual Money: XRP 100
XRP
USD

Gateway A
Ripple world
(XRP)

Gateway A
IOU: USD 0

() [IOU: USD 1] = [Money: USD 1]


() [IOU: USD 1] = [IOU: XRP 1]

Person A
Money: USD 0
IOU: USD 99

USD

IOUGateway A
99

Person B
Virtual Money: XRP 100

Gateway A
Ripple world
(XRP)

Gateway A
IOU: USD -99
Money: USD 99 + 1
Transaction fee : 1%

Person A
Money: USD 0
IOU: USD 0
Virtual Money: XRP 99

() [IOU: USD 1] = [Money: USD 1]


() [IOU: USD 1] = [IOU: XRP 1]

USD IOU
Virtual Money

Gateway A
Ripple world
(XRP)

Person B
Virtual Money: XRP 1
IOU: USD 99

USD IOU
Virtual Money

Gateway A
IOU: USD -99
Money: USD 99 + 1
Transaction fee : 1%

Person A
Money: USD 0
IOU: USD 0
Virtual Money: XRP 99

() [IOU: USD 1] = [Money: USD 1]


() [IOU: USD 1] = [IOU: XRP 1]

Gateway A
Ripple world
(XRP)

Person B
Virtual Money: XRP 1
IOU: USD 0
Money: USD 98.01

USD IOUGateway

Gateway A
IOU: USD 0
Money: USD 1.99
(99 * 0.99 + 1)
Transaction fee : 1%


IOU
IOU
IOU

IOU
IOU



IOU

IOU
IOU()


IOU

IOU0
IOUIOU

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