7Bv2rYf

Daily Ripple/XRP Discussion Thread 07/02/20 [Join Our Discord] invite link: discord.gg/7Bv2rYf
Economists Baffled by How Mexicans Can Send So Much Money Home
1 billion XRP in escrow has ended with 800 million going back shortly after.
Use xumm to delete xrp address and send funds to Coinbase
Can You See Now? They Are Building A Parallel Global DLT Settlement Syst...

Daily Ripple/XRP Discussion Thread 07/02/20 [Join Our Discord] invite link: discord.gg/7Bv2rYf

Posted: 01 Jul 2020 09:04 PM PDT

Hello! It's Thursday. Welcome to our daily discussion thread.

You can discuss anything related to Ripple and XRP here.

Before posting, read the r/Ripple rules on the sidebar and also check out the thread containing helpful links: https://redd.it/7l94ng

If you see any rule-breaking content, please report by contacting the moderator team modmail

We now have an official discord channel dedicated to r/Ripple: discord.gg/7Bv2rYf

This channel is also used for r/XRP. While there are rules to follow, it will be a more relaxed environment where

you can discuss anything related to Ripple and XRP. The channel is not affiliated with Ripple the company.

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Economists Baffled by How Mexicans Can Send So Much Money Home

Posted: 01 Jul 2020 02:57 PM PDT

Remittances to Mexico surged in May, confounding the majority of economists who expected the weakest U.S. jobs market in decades to take a heavier toll on migrant workers.

Money sent home by Mexicans abroad increased almost 3% from a year earlier, to $3.4 billion, the central bank said on its website Wednesday. Economists were forecasting a year-on-year decline, to $3 billion, according to a Bloomberg survey.

"Some of the subsidies that the U.S. government sent people were probably sent on to families abroad," said Ricardo Aguilar, chief economist for INVEX brokerage in Mexico City, and the only analyst surveyed by Bloomberg who predicted an increase. "At the same time, the jobs market started to reactivate, and North American industry employs a lot of immigrants."

Mexican remittances in the first five months of the year jumped more than 10% compared to 2019, to $15.5 billion. A weaker peso, after a 17% depreciation during 2020, means each dollar goes further for a family back home in Mexico.

The average remittance transaction amounted to $319 in May compared to $322 a year ago, the central bank said.

https://www.bloomberg.com/news/articles/2020-07-01/economists-baffled-by-how-mexicans-can-send-so-much-money-home

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1 billion XRP in escrow has ended with 800 million going back shortly after.

Posted: 01 Jul 2020 09:10 AM PDT

Read all about escrow here: https://www.xrparcade.com/2020/03/02/ripple-escrow-unraveling-the-mystery/

Or view all past and future escrows here: https://www.xrparcade.com/escrow/

submitted by /u/LeonidasHa
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Use xumm to delete xrp address and send funds to Coinbase

Posted: 01 Jul 2020 05:22 PM PDT

Hey all,

Has anyone tried to delete an XRP account using xumm and send it's balance (-5 xrp as the deletion fee) to Coinbase?