Ripple / XRPAdoption by banks and payments networks is underway---driven by an immediately relevant use case. Ripple has potential to replace the slow, archaic, and expensive correspondent banking system---leveling the playing field for everyone.
Network transactions clear within 5 seconds, inclusive of distributed exchange functionality and cross-currency payments. Any currency may be represented and transacted on the network, providing enormous value beyond XRP (yet, while also being supportive of the value of XRP, due to its utility in also facilitating non-XRP transactions).
Ripple is increasingly cited by industry foundations and publications, from the W3C through NACHA.
30+ engineers are employed by Ripple Labs to support the technical success of the network/protocol, core tech, integrations, and related projects (such as
Codius). Business experts are driving adoption. Regulatory experts are helping to clear a path.
Chris Larsen, at the helm of Ripple Labs, has the
experience, track record, and passion necessary to make it happen. Everything is consistent with the long term vision he has expressed---prior to even beginning at Ripple Labs. It would be easy to write him off as an idealistic daydreamer or even a naive earnest hippy, if not for his prior success helping catalyze and advocate for community driven financial reform.