Quote:
Originally Posted by ilnjscb
Be kind and draw out transaction step by step from USD to Euro
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1. Sponsor sends Bitstamp USD trust line to your Ripple wallet. Sounds complicated, it's basically just you having to create a wallet and set up Bitstamp.
2. You now have Bitstamp USD (basically, Bitstamp is like a bank, and it's issuing its own guarantee on a currency - the same way banks do, only it's not fractional reserve).
3. With Bitstamp USD, you can buy XRP, BTC, ETH, LTC, or BCH. You can also trade it directly for EUR, which you can withdraw from Bitstamp (or just shift XRP to your local, trusted exchange for same-day bank transfer).