Whatever Ripple tech the banks are using, it's not on the XRP fueled network. It's confusing on purpose to make people think they can profit from Ripple success with XRP while they hold a huge stack ready to sell whenever it pumps by making XRP look like stock. It's not stock, it's used to create an account on Ripple network and to buy transaction space. Nothing to do with the banks.
You are partly right. For example, general speaking, if you own a big company, your company will not produce everything. No doubt, you can do it, but you have to invest much more. However, most of time, after you calculated the net profit, you will find out it's better to buy from others.
A week ago a class-action lawsuit was filed against the CEO of Ripple, Brad Garlinghouse, as well as the parent company Ripple Labs. The lawsuit claims that the cryptocurrency is scamming people. It was filed in California by Ripple’s very own investors. This might be the main reason why Ripple price dropped 16%.
Ripple has been working on a deal with the Bank of America, the latest institution to jump into the cryptocurrency market. The deal will help make the Bank of America more accessible to the average consumer, opening up accounts for Ripple traders who otherwise may not have been able to use the bank's services.
The partnership with major financial institutions and banks (Santander, MoneyGram, and Western Union) places XRP at the leading position of general cryptocurrency adoption.
RippleLabs strives to maintain the pace of innovation on its platform. Tipping is now possible on the platform after the integration of Coil with XRP TipBot, so now content creators can receive donations from supporters by integrating Coil on their platform.