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.
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 Cryptoking.org’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...