>>21774630
The technology is great, but of course the vast majority of capital is still running through legacy systems. Therefore, it is important that Ripple works to build institutional involvement, but of course there would need to be a profit incentive for institutions to decide to join Ripplenet. The major benefit of Ripplenet is that there is no need to have prefunded nostro/vostro accounts for cross-border transfer - the XRP ledger and ODL can handle many USD corridors. Eliminating nostro/vostro accounts would free up $27 trillion in capital - institutions would love to redirect that frozen capital.
And there is evidence that they have these institutional connections in place, such as with Bank of America, Santander Bank, Bank of Brazil, Bank of Canada, to name just a few. Of course, these institutions would not adopt a new technology were it not fully regulated. We are seeing these regulations coming into place in this moment, now that banks can offer legal custody of cryptocurrencies. The pieces are falling into place.
2K EOY XRP is dare I say the Standard (ISO20022).