- It was reported that there are claims that Bank of America is using Ripple for 100% of its internal transactions.
- As an official partner of RippleNet, Bank of America revealed that it applied for a patent for a payment system utilizing the Ripple Ledger in 2019.
- CEO David Strizewski evaluated that Ripple will be the path of future financial systems, mentioning the launch of a stablecoin and holding 83 patents.
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There are claims that the American bank, Bank of America (BofA), is already using Ripple for internal transactions.
On the 8th, David Strizewski, CEO of Sound Planning Group, appeared on Fox Business News and claimed, "Bank of America is executing 100% of its internal transactions with Ripple."
He continued, "I think the Securities and Exchange Commission (SEC) has filed a strange lawsuit against Ripple. Ripple will be the path through which everything in the future operates," adding, "They have already launched a stablecoin (a virtual asset linked to the value of fiat currency) and hold 83 other patents."
Bank of America is an official partner of RippleNet. Previously, in 2019, Bank of America applied for a patent for a payment system utilizing the Ripple Ledger.
Uk Jin
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