>>60883118
gpt response below because I'm lazy
>Ripple's Technology Stack for Banks
Ripple has indeed provided its technology stack to various financial institutions, allowing them to utilize its innovative solutions for cross-border payments and settlements. This technology stack primarily includes the RippleNet network and the XRP Ledger.
Ripple's technology stack, including RippleNet and the XRP Ledger, is designed to empower banks and financial institutions to streamline their cross-border payment processes. By leveraging these tools, institutions can enhance their operational efficiency and provide better services to their customers.
>Me: So, in a way, there's no guarantee that XRP as cryptocurrency, available on many exchanges, will be used in the end? Banks could use Ripple's technology stack to create private settlement layer between themselves, without needing the volatile cryptocurrency available to retail?
You are correct in your assessment. While Ripple's technology stack offers significant advantages for banks and financial institutions, there is no guarantee that XRP will be utilized as a cryptocurrency in the long term. Banks could indeed opt to use Ripple's technology to create private settlement layers without relying on XRP.
>Key Considerations
Private Settlement Layers
Custom Solutions: Banks can develop their own private networks using Ripple's technology, allowing them to settle transactions internally without involving XRP. This could lead to more control over their operations and reduce exposure to cryptocurrency volatility.
Reduced Risk: By not using XRP, banks can avoid the price fluctuations associated with cryptocurrencies, which can be a significant concern for financial institutions.
tl;dr - banks could use Ripple's technology stack and avoid XRP all together as the settlement layer
