Well, as stated before, the banks don't need Ripple (XRP and Network), now VISA doesn't either. VISA created it's own blockchain to do what XRP claims and I'm assuming will do it better, thanks to VISA's depth of knowledge. VISA ALREADY HAS PARTICIPATING BANKS AND HAS BEEN TESTING IT. Ripple XRP is done, don't believe the hype. This begs the question, does XRP have any value if no one needs it? Hmmm. Predict XRP will break from Bitcoin and move on it's own?
Here's is a good YouTube video explaining: https://youtu.be/kgZwYp5B4Nw
THE FOLLOWING CONTAINS IMPORTANT EXCERPTS WITH THE LINKS.
Also the direct VISA site: https://developer.visa.com/capabilities/vba
Transforming B2B Payments for the Digital Age
"Today, we are excited to announce our work with innovators from Commerce Bank in the United States, Shinhan Bank in South Korea, Union Bank of Philippines and United Overseas Bank in Singapore. We are beginning to process bank to-bank test transactions with a few of these partners, with others to follow soon, as we gear up for the commercial launch of Visa B2B Connect."
VISA has been at this for a while: https://investor.visa.com/news/news-details/2016/Visa-Introduces-International-B2B-Payment-Solution-Built-on-Chains-Blockchain-Technology/default.aspx
Visa Introduces International B2B Payment Solution Built on Chain’s Blockchain Technology
Blockchain infrastructure helps to deliver a faster, more transparent way for corporate clients to exchange payments across the world
SAN FRANCISCO--(BUSINESS WIRE)-- Visa Inc . today announced a preview of Visa B2B Connect, a new platform that Visa is developing to give financial institutions a simple, fast and secure way to process business-to-business payments globally.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161021005212/en/
(Graphic: Business Wire)
(Graphic: Business Wire)
Visa is working with Chain to build Visa B2B Connect using Chain Core, an enterprise blockchain infrastructure that facilitates financial transactions on scalable, private blockchain networks. Building on this technology, Visa is developing a new near real-time transaction system designed for the exchange of high-value international payments between participating banks on behalf of their corporate clients. Managed by Visa end-to-end, Visa B2B Connect will facilitate a consistent process to manage settlement through Visa’s standard practices.
With Visa B2B Connect, Visa aims to significantly improve the way international B2B payments are made today by offering clear costs, improved delivery time and visibility into the transaction process – ultimately reducing the investment and resources required by banks and their corporate clients to send and receive business payments.
Visa B2B Connect, which Visa plans to pilot in 2017, is designed to improve B2B payments by providing a system that is:
Predictable and transparent: Banks and their corporate clients receive near real-time notification and finality of payment
Secure: Signed and cryptographically linked transactions are designed to ensure an immutable system of record
Trusted: All parties in the network are known participants on a permissioned private blockchain architecture that is operated by Visa
Ripple is sitting on close to $80 billion and could cash out hundreds of millions per month...
Ripple could bring in hundreds of millions of dollars a month by selling a tiny fraction of its XRP holdings. The company put 55 billion XRP in an escrow account, which allows it to sell up to 1 billion every month. Ripple can sell XRP if it needs to make acquisitions or fund new projects.