Don't play with banks... you'll get burnt. Ripple knows that.
Now, on a more serious note: XRP is not here to replace bank legders or internal systems. It is waaay too expensive for that.
XRP has value in interbanking operations: connecting banks together.
That is why they speak with GOVERNMENTS, not banks.
It may become a global protocol for interbank exchanges, at a massive scale (= becomes bigger than BTC in MarketCap, small probability)... or just get f**k*d in the a** by the banking system and the governments (most probable)
Good luck. XRP is a moonshot today. A huge one... but still a moonshot.
Six of the world's biggest banks: Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street are teaming up with UBS for a digital currency project called "utility settlement coin," it's an idea that's been around since 2015, but it's now moving into a new phase of development. They are in discussions with central banks and regulators. Work on the next phase of the project the last before a live implementation will include six members revealed today, Barclays, CIBC, Credit Suisse, HSBC, MUFG and State Street, building alongside founding financial institutions UBS, BNY Mellon, Deutsche Bank, Santander, NEX and blockchain startup Clearmatics.
Source 1:
https://www.coindesk.com/hsbc-barclays-join-utility-settlement-coin-as-bank-blockchain-test-enters-final-phase/Source 2:
https://finance.yahoo.com/news/six-big-banks-join-blockchain-081514305.htmlSource 3:
http://www.nasdaq.com/article/six-big-banks-join-blockchain-digital-cash-settlement-project-20170831-00157Existing Ripple clients: UBS, MUFG and CIBC might be dropping out (from Ripple) anytime after the announcement.
