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fix: transfer fee example 1%

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Alex Prut
2019-12-04 18:43:35 +01:00
parent e960bb61e0
commit 3647ceb385
1 changed files with 1 additions and 1 deletions
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content/concepts/issued-currencies/transfer-fees.md
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@@ -7,7 +7,7 @@ The `TransferRate` setting in the XRP Ledger allows [financial institutions that
XRP never has a transfer fee, because it never has an issuer.
For example, ACME Bank might set the transfer fee to 0.5% for ACME issuances. For the recipient of a payment to get 2 EUR.ACME, the sender must send 2.01 EUR.ACME. After the transaction, ACME's outstanding obligations in the XRP Ledger have decreased by 0.01€, which means that ACME no longer needs to hold that amount in the account backing its XRP Ledger issuances.
For example, ACME Bank might set the transfer fee to 1% for ACME issuances. For the recipient of a payment to get 2 EUR.ACME, the sender must send 2.02 EUR.ACME. After the transaction, ACME's outstanding obligations in the XRP Ledger have decreased by 0.02€, which means that ACME no longer needs to hold that amount in the account backing its XRP Ledger issuances.
The following diagram shows an XRP Ledger payment of 2 EUR.ACME from Alice to Charlie with a transfer fee of 1%: