For a bank to operate as a Bitcoin exchange (i.e. buy and sell bitcoins using the money in your checking account) or to operate as a Ripple gateway, they would have to have the entire source code audited by a company of their choosing to make absolutely certain that it is robust and reliable (think
FIPS).
If there was ever a new version of the code, this auditing would have to take place all over again.
Ripple gateways will not be US banks...
They will be Panama, Slovenia, Malta, etc.
"entire source code audited by a company of their choosing
to make absolutely certain that it is robust and reliable"
You can't possibly be an engineer...
And make comical over-the-top claims like this.
Virtually all commercial software used by banks...
Is proprietary and there is no source code to "audit"...
Replace "Ripple" with "Windows" to get my point.
LOL, complex leading edge systems like Ripple...
Are coded and tested by Rock Star engineers...
They cannot be effectively "audited" drones working in banks.