What I find interesting of Ripple that I don't read much about is that it basically proposes a "uberization" of the banking system: What corporate users need are funds to make their payments, and those funds do not necessarily come from one bank. I just
finished reading a quote from the CEO of DBS Bank that "in the future people will not need a bank; they will need banking."
What I think is that any bank can "bid" to fund that payment using the Ripple blockchain as the network where "negotiations" happen.
So far I read papers talking about Ripple and FX, i.e., that Ripple is good for cross-border payments in that it reduces the problems, costs, and latencies of correspondent banking. Market makers-from what I understand- play a role by offering the best FX
fees to win the deal. My suspect is that this is just the tip if the iceberg of what Ripple really intends to offer: Market makers will be those players (traditional banks and new entrants) that are able to intercept a financial need from a company (e.g.,
payment, loan, insurance, letter of credit, guarantee, FX) and offer the solution at the best combination of price/service.
So, just like Uber makes available to the customer the use of the vehicle in a pay-per-use mode, similarly Ripple will do for financial services: Get the product/service to the customer from the best offer.