No. If banks see that it is cheaper for them to use than fiat, they will not use normal currency (known as "fiat") because it will make their PROFIT bottom line bigger... of course they will continue to charge you and me the same fees for sending money back and forth... but you and me will perhaps be smart enough not to send money through banks anymore.
You are viewing a single comment's thread from:
They can use it in conjunction with fiat the ripple payment system is made to work with the banks they don't have to chose XRP unless they don't trust the other party or if that is the only means of funding. By virtue of them using the system they will need to stake 20XRP per account and will probably hoard more just so as not to suffer price volatility.