Use case of XRP
"So if you have something like XRP you don't need to pre-fund float all around the world. You can actually just have this digital asset and if you want to transfer value to somebody, you want to transfer value internationally, you can just transfer that asset and that moves instantly"
Current Scenario:
"You don't need a digital asset and so again on that level playing field architecture and if JPMorgan has a strong liquidity in euro dollar there's no reason for them to go through digital asset but if you know maybe a payment service company or a Bitcoin company like Wire it's trying to get money into India, well they might not have the capital to deploy and hold INR and so leveraging a digital asset to get into that market is certainly attractive."
Ripple as a blockchain is absolutely a game changing. XRP, the Ripple’s digital asset is still finding a stable ground to stand on.
Ripple will change the cross border payment mechanism. We are not sure how will Ripple fare in these events.
I believe that Ripple will change the cross border payments. The payments will be faster and cheaper. Banks might not use XRP as payment medium. In any case I do not expect Ripple to cross $1 soon