Ripple relies on a set of hardcoded trusted nodes to validate all the transactions. This makes it very interesting to banks, since they can just set up their ow

Ripple relies on a set of hardcoded trusted nodes to validate all the transactions. This makes it very interesting to banks, since they can just set up their own set of nodes and use the Ripple protocol for transaction settlement between them. It's less appealing to people who're attracted to cryptocurrency as an alternative to trusting banks.