Bank of America May Become New Member of RippleNet

Bank of America (BoA) is the second-largest bank in the U.S. It reportedly will join RippleNet for fast and cheap cross-border payments and exclusive infrastructure. But there is still no official confirmation.

Bank of America has a long history of relationships with the Ripple company. In July 2019, the bank even filed a patent claim based on the new technology: Ripple’s DLT. The institution also has a Real-Time Settlement patent, also they already ran pilot projects with Ripple.

Since 2015, Bank of America is a proud member of the Ripple Global Payment Steering Group. They also claimed that the bank’s inner research department received an order to open a real-time payment network until the first quarter of 2020.

Bank of America

Reports Claim BoA Joins RippleNet for Mexico, Latin America and Asia

Some of the Twitter users began sending here and there a presumably leaked PDF that looks like Ripple’s official document. It is stored on the’s servers

The document is called ‘Bank-of-America-Joins-RippleNet_200218.pdf’, however, the website admin already deleted it from the place. You can read the copy here: Read More...

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