Banks are not going to worry about XRP in the slightest. They will not need to buy it. XRP will work for them, and holding XRP will just be the cherry on top for those who knew. Oh wait, you still think that the banks are going to decentralize? LOL
..wait
Cameron Ross
Brayden Mitchell
>they can just clone the tech
no they cant. And if you think that banks/government isn't working with ripple already you are fucking blind
Jayden Edwards
all the retarded xrp kids were supposed to buy LINK but didn’t
now they sit and know they bought a loser
i still have my xrp but LINK is everything
Daniel King
Why would Ripple agree to that when they know that the big banks are losing their grip on dominance to the previously referenced exchanges and smaller institutions? Before XRP, small banks and remittance services would have to rely on bigger ones to effect international transfers due to the problem of needing large nostro/vostro accounts. That is no longer the case now. There is a reason why legislation is being rushed in to allow for crypto asset custody by traditional financial institutions. Big banks aren't really going to have a choice in this matter, it's adapt or die. They're welcome to try and develop their own network (entities like JPMorgan already have, but as far as I know, they don't have any plans to create some sort of multi-bank ecosystem, rather a sort of digital dollar that would need a bridge currency like XRP to be effectively exchanged) but it really is easier said than done. This has been in the works since 2013, if not earlier, it's naive to think you can just snap your fingers and clone the ecosystem that Ripple has been developing. Big banks are already divided over this, where some want their walled off gardens, while other Banks like SBI are making big plays to be a large part of the XRP ecosystem. You act like it's a sure thing that these giant institutions are all going to sit down and agree to make their own system or whatever, but we already see that's not happening. I also fully expect entities like Santander and BoA to hop on board once the network is more developed.