"Some have argued that Ripple’s sort of centralization with banks is antithetical to the decentralized and unregulated nature of cryptocurrencies. Others point out that Ripple is becoming increasingly decentralized through validator node diversity on the Ripple Consensus Ledger (RCL). Ripple controls RippleNet and owns 62% of the total XRP supply (with 55 billion locked up in escrow). Regarding the need for a custom token – the XRP has clear use cases, which sets it apart, but the software itself has value to banks regardless, and it remains to be seen on what scale they will rely on and use the XRP."

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