My friend Teddybear is a banker in Switzerland (he's been banned here on xrpchat). He sent me this information and wanted me to share it on here and on Twitter. You can follow him on Twitter here: https://twitter.com/dabiggapicta You can also give me a follow here: https://twitter.com/fourthjohnxrp
The Swiss National Bank is in talks with Ripple and gave a presentation at SHAW School of Management and Law in Zurich. I have atttached the the primary source, as well as Teddybear's comments and his translation of what the presenter stated.
"I hope my thoughts have shown that Cryptocurrencies are not a real competition to traditional currencies. However, the underlying DLT has potential. This is especially valid in complex areas like Securities Processing and crossborder payments. But, the techonlogy needs to proove itself first. DLT based solutions do not only have to be efficient, but also may not pose a systematic risk to the infrastructure of financial markets. In the systematically important cashless payment transactions between banks, the SNB plays an active role, by providing a reliable basis (a fundament). Future DLT-based systems will, in one form or another, be connected with this reliable fundament.
In contrast, in the cashless Retail-payments sector, private actors are better positioned, to satisfy customer needs. This splitting of roles between the Central bank, as bank-of-banks, and commercial (retail) banks as interface to the customer has proven itself over the years. *If the cashless payments are efficient and innovative, there is no need for digatal central bank money.*
It is important to stay flexible. Our existing system provides stability to the financial system and enables simoultaneously enough flexibility. This is valid for both the infrastructure of financial markets and this two-layer financial system. We should take care of this stability and at the same time be open for new developments."
I will add that Ripple has been saying this all along. There will be many blockchains, and Ripple is positioning itself to be interoperable with them all. Even Microsoft said Ripple/XRP was essential in that underlying everything is the need for payments. Grasping this will show you how big your stash of XRP can and will become. Remember, what we are looking for is a revolution. It has started, and we are waiting for the first shot- to be heard around the world. Don't take my word, trust people like Yoshitaka Kitao of SBI, Brad Garlinghouse, Joel Katz, and many others that see the coming revolution.