Ripple (XRPUSD)

[MindlessSelf]

Don’t you see what is going on? There is still additional clarification and regulation needed by the governments before banks can go beyond test phase. Their is a boat load of compliance that banks have that would prohibit them from holding it.

Ripple is being smart. They are expanding ripplenet and getting everyone on xCurrent 2.0. Banks can be test and be ready to go at the push of the button when the day comes to use and or hold custody of xrp.

I believe they are going to use MoneyGram partnership to facilitate option for other banks to use for cross boarder remittances in the interim. I also think the Polysign project from ripple creators is going to provide an alternate custody solution for banks and governments to store their xrp for use with xRapid. And when the regulation comes, the some banks will create their own wallets to store and protect themselves and can quickly switch to xRapid when needed.