I guess my question is: Does Ripple present the same opportunity to compete against central banks as Bitcoin does, or is it just trying to be the next PayPal? Also: Will XRP ever be traded the same way bitcoin is?
I think, all is true. XRP has potential for becoming currency alternative to Bitcoin, even better one, as intergated with its own payment system. Hence, it may become more popular among retailers than BTC.
Anyway, I think we can expect explosion of newly created cryptocurrencies in the next year time, some are going to be better than BTC, the others worse. The point is, the whole process may lead to marginalization of BTC and depreciation of its value.