Post
Topic
Board Altcoin Discussion
Re: Banks have 'No Intention' to use Ripple's XRP token
by
damberg
on 28/01/2018, 08:49:51 UTC

Bloomberg News
confirmed that it has spoken to various multi national banks, who all had the same thing to say:

'We have No Intention of using the XRP token for Bank Transfers.'


It appears, Prima Facia, that 'some' Banks may have agreed to 'Test' certain 'Network Features' of Ripple's new network, but Bloomburg couldn't find a single bank that would be using the publicly traded XRP token to initiate bank transfers.

Blockchain interuption in banking industry is far from being implemented in production. Some features might be (or have been) tested, but cost of transition to any "general ledger" technology is significantly higher than revenues and value added of the transition. That being said, it is more probable to see a brand new "hipster" bank to pioneer blockchain technology in full scope.
 
Merited, btw.