Originally Posted by Arnox

Well, that's where something Bitstamp USD/EUR can help.

You can have a Ripple address and never actually have any crypto. The USD/EUR is great because if I want to withdraw it from Bitstamp, I can. I can also spend that Bitstamp USD on another service with basically zero fees, and the transfer is instant.

So if I'm giving work to some guy in the Ukraine who only has a local bank account, instead of jumping through loads of hoops and loads of $$, I can just send him Bitstamp USD, and he can either sell that as crypto and import the crypto to a local exchange, or then use the Bitstamp USD for whatever he wants.

It just functions as an IOU: Bitstamp issues the USD/EUR and you can trade it however many times you want to anyone you want.

I know crypto isn't that popular, and the demand probably doesn't justify the cost to get started, but if I had my way, I'd only get paid via crypto. No delays, minimal fees, trustless, independently verifiable and auditable.