The cryptocurrency for banks is how I see XRP, they aim for cross-border payments and have a customer base around the world. The US doesnt like them, as they are creating a better systems as the FedNow service so they have attacked Ripple blaming it a security, but lets be clear, XRP is as much a security as USD is.
Let me try to explain it with a Example
- Bank A from Singapore needs to transfer money to Bank B in South-Africa.
SWIFT system
- Bank A swaps their currency to USD and transfers the USD through the international payment system like SWIFT. This system will do checks and then starts transfering money in bundles across multiple borders. It normally takes 1 to 4 days for money transfers to arrive. When it does Bank B swaps the USD back to their local currency.
XRP System
- Bank A swaps their currency to XRP transfers the XRP throught the network to Bank B, it swaps back the XRP for the currency they need when arrived (all within minutes).
Note that these banks are not holding XRP on their balance sheet, they only buy it when they need it and they are in and out the system within minutes. This is why i think XRP value will not be visible in the tokenprice. Show Less