CAN RIPPLE change bank industry really?

According to Ripple CEO Brad Garlinghouse, it is expected that a lot of banks will start using XRP-enhanced xRapid technology from next year.

Until now, Ripple does not make an official announcement about how many users are using xRapid, which allows financial institutions to use XRP to improve their financial transaction speed and transaction costs. A few days ago, Garlingham said:

"I am confident that many banks will use xRapid to improve their own cash transaction services from the end of the year. From next year we look forward to increasing the number of such banks. Nevertheless, it is necessary to increase the ecosystem and work on individual solutions to each user's problem ".

He also said that it would soon end the epoch when the price of bitcoin was determined by the entire market. He also added that he is optimistic about the future of bitcoin and bitcoin cache, but people may be disappointed because these two cryptocurrencies can not solve the problems that are expected from him.

According to Garlingham, Bitcoin is reliable to store money and not as currency, as it is slower than the existing technologies. According to Ripple founder, the money should be switched at the same speed as information today: instantly.

"Bitcoin blockade is quite slow, people thought it would solve the problem of money transfers. XRP is a thousand times faster and cheaper. In this aspect, bitcoin can not compete. XRP transactions cost less than 1 penny and it takes only 3 minutes. For comparison, bitcoin needs 45 minutes, sometimes even hours and transaction costs range from $ 3 to $ 30. "
source: https://goo.gl/gWfBf3

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