I think crypto like XRP can support many communities. It has fast transaction. This will be beneficial for banks. I think first and foremost, crypto has to make money through some customer base. I bought some through speculation. Having a bank account is still useful to me. It's developers have a plan, unlike some of the other cryptos out there. Real world application like Ripple is nice to see! Without real world application, blockchain would be quite useless. I hope for Ripple's success. It's success would be crypto success as well! Even if banks have bad reps, If we're in the crypto-space...i would only care about the reputation of a specific cryptocurrency.
There's always pros and cons to regulation. I think we can see them in banks or crypto. Ripple is a nice mediator don't you think?
By the way, I'm a huge fan of the blue beast. ROCK LEEE!
The main downside is how over leveraged the financial banking system currently is. XRP and XLM are considered assets if the banks are holding them. Most likely, the banks are holding a lot. What do you think will happen when some of these banks start to go bankrupt? They will have to liquidate to pay off debtors. That means anyone holding XRP or XLM will see massive declines in their XRP and XLM value. The majority of the holders of XRP and XLM are banks anyway and they use it to transact with each other so the little XRP and XLM you hold will essentially be worthless.
I stay away from any bankster coin. XRP, XLM, Tezo's, etc.