Quote:
Originally Posted by eddymitchel
They can replace swift without the coin itself making the value of your coin worthless.
It s been a while that bank acknowledge the blockchain while not caring about about crypto currencies
there is no counterparty risk using xrp...banks will find out its cheaper and easier to use the xrp in several circumstances, particularly when they dont have a trust relationship with each other and the alternative is several hops and currency exchanges to find a path where each participant accepts the counterparty risk and has enough money on the nodes to extend the temporary loan.
with xrp its easier, there is no counterparty risk on a blockchain asset they just go point to point with xrp to banks they dont trust, and a whole lot of fiat funds that would be needed to be held by the nodes is eliminated.