It's an interesting read, and point. I think it boils down to a few things. One, Ripple got the idea first. First one in gets the head start! Second, Ripple is decentralized, which establishes trust with those of us that love what cryptos are truly all about....getting the power away from the Big Banks. Third, Ripple has already shown us that it CAN produce interoperability between different cryptocurrencies.
Obviously, time will tell.
RE: Does newly announced official banking sector owned crypto threaten Ripple's xrp?