/biz/ - Business & Finance

>>49945009
>>49945096
As the ecosystem gradually gets adopted and more services setup shop on of the XRPL (not through third party services), private ledgers and private federated sidechains will have their own benefits and use cases similar to the XRPL and I personally speculate that governments and private payment network providers (SWIFT/Paypal) will use the XRPL *and* their own private ledgers systematically for political reasons and market control, but they will NEVER be able to stomp out the XRPL as the #1 payment network as there's more to the XRPL than meets the public eye, XRP and the XRPL will not only provide a "fast" and liquid payment network, there's more to it on a political, trust and control standpoint.

The XRPL will be *the* global platform for international financial settlement, you cannot refute nor ignore it in order to be apart of the global economy. This will happen, it'll take some time and some 'events'.

Banks will not die nor will their private payments networks, banks all around the world WILL use their own private ledger(s) but that does not mean that the XRPL and XRP will die out, private ledgers existing does not mean the end for the XRPL & XRP. It will only compliment the XRPL ecosystem which will subsequently compliment XRP's usage.

But I expect, The XRPL vs Private ledgers will be a thing in the future tho, can't wait to see what bs comes out from that lol. Again for the 28402th time, the XRPL will come out as *the* payment network for international settlement but I don't really know, who knows? The prime minister doesn't know, a bank's CEO doesn't know.

Private ledgers will be used for testing and competitive reasons, there's no avoiding/denying that as rippled is open source and anyone could configure it to run their own ledger right now. There's nothing to worry about, unless your a paranoid dude who thinks a private ledger will kill the XRPL, no.
>Personal speculation, I have nothing to back this up. I may be wrong.