The Grantcoin Foundation has posted convenient online forms for users of Ripple Trade to deposit Grantcoin into their Ripple wallet or withdraw it to an external Grantcoin wallet on their desktop or smartphone. Most transfers between the Ripple platform and the Grantcoin blockchain will be processed in the same day they are initiated.
As mentioned in a previous post in early June, the Grantcoin Foundation had hired a company called One Million Gateways to create “auto-bridge” software to automatically process most deposits and withdrawals of Grantcoin from Ripple. Last week, OMG informed us that they’re going out of business and therefore can’t complete our project. This came as a total surprise to the Grantcoin team.
Fortunately, OMG has given us a full refund, and we are already exploring possibilities for how to move forward on the auto-bridge project with other developers. We are also fortunate to be in touch with staff members at Ripple Labs who have offered their advice and input to help Grantcoin succeed in this goal.
The Grantcoin Foundation, a legally incorporated charitable nonprofit organization, assures users of Ripple Trade that (1) you are able to deposit and withdraw Grantcoin to and from Ripple Trade using our current system; (2) turnaround time for deposits and withdrawals will usually be under 24 hours; (3) some users have already requested and received transfers of GRT from Ripple to the Grantcoin blockchain without any difficulty; (4) we are continuing to work towards the goal of eventual full automation of such transfers and will keep the Grantcoin community informed about new developments.