Someone asked: What are Memo and Tag used for when making a transfer?
My answer: The XRP Ledger allows receiving accounts to enable a setting that requires a destination tag. Once enabled, payments without a tag will be rejected. Memo / Tag are just notes for the recipient; the ledger doesn't verify whether the content is correct, so even if you enter it incorrectly, the transfer will still go through.
$XRP 1.0997 (-1.91%)
When did you figure this out?
My answer: The XRP Ledger allows receiving accounts to enable a setting that requires a destination tag. Once enabled, payments without a tag will be rejected. Memo / Tag are just notes for the recipient; the ledger doesn't verify whether the content is correct, so even if you enter it incorrectly, the transfer will still go through.
$XRP 1.0997 (-1.91%)
When did you figure this out?
