There is no Official Deal Between RippleNet and Bank of America

2020-2-22 06:00

One often heard comment is how no banks will ever use Ripple or XRP. The recent RUMORED addition of Bank of America to RippleNet seems to change that narrative significantly.

The RippleNet ecosystem connects hundreds of banks and financial service providers around the globe.

Bank of America Needs to Innovate

Getting more members on board remains an ongoing process. 

Participants of RippleNet will be able to benefit from Ripple’s technology, including the XRP-powered On-Demand Liquidity solution.

Rumor has it that the latest member to join the ranks will be none other than Bank of America.

This has not been officially confirmed by any sources, and may be a mere hoax.

Given this company’s position in the US financial industry, it would be a pretty big addition for Ripple if true.

To date, the company primarily noted big successes in Asia.

Expansion in the Western world has been relatively slow going, for some reason.

It would not be the first time that Bank of America and Ripple join forces for experimentation.

Both firms have successfully conducted pilot projects, albeit there were never turned into full-fledged services or products.

Given the evolving needs of customers, embracing innovative solutions is crucial for any financial institution. 

There could be benefits provided by RippleNet for BoA’s US-Mexico payment corridor, if it ever were to be implemented

If successful, an expansion to European markets is not out of the question.

All of rumored these developments paint  a very interesting picture for the future of Ripple.

Image(s): Shutterstock.com

The post There is no Official Deal Between RippleNet and Bank of America appeared first on NullTX.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Time New Bank (TNB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.01 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0020411 (-100%)

ripplenet banks bank america narrative significantly seems

Èñòî÷íèê: nulltx.com

ripplenet banks → Ðåçóëüòàòîâ: 47


Rakbank, Who Has Integrated RippleNet, Has CEO Asks Peers To Embrace Blockchain Technology

Rakbank CEO Peter England says that traditional banks have to work towards empowering companies that are working to develop blockchain technology. England said that APIs and distributed ledger technology present an opportunity to change the way international payments are handled, adding: “Blockchain technologies do have the potential to disrupt the financial services industry and create […]

2019-7-11 21:26


Ôîòî:

RippleNet Expands Network in Asia by Adding Korean Payment Group Coinone

SBI-Ripple Asia, a joint venture of SBI Holdings and the United States Ripple company, expands its network in Asia. Coinone Transfer, a payments business and a subsidiary of Coinone, a major digital currency exchange of South Korea, joined RippleNet, a network of institutional payment-providers including banks and money services businesses provided by Ripple.

2019-6-18 15:00


Ripple: MoneyNetint partners with Brazil’s BeeTech, attracts over 100 transactions in the first month

Ripple seemed to broaden its horizons by providing payment solutions to major Thai Banks such as Kasikorn and SCB, helping in the mainstream adoption of cryptocurrency. The joint venture of MoneyNetint and RippleNet back in October 2018 proved to be in the best interest of the MoneyNetint in order to provide a global payment solution […] The post Ripple: MoneyNetint partners with Brazil’s BeeTech, attracts over 100 transactions in the first month appeared first on AMBCrypto.

2019-5-26 22:30


Ripple (XRP) Reddit Subscribers Reach the Milestone of 200,000 Members

The Reddit subscribers of the 3rd largest cryptocurrency have now reached a milestone of 200,000 members. Ripple is described as the company that connects banks, payment providers, and digital asset exchanges via RippleNet to send money globally and provide a frictionless experience while the digital asset XRP, the “fastest and most scalable digital asset today” […]

2019-4-15 16:14


RippleNet’s ‘Multi-Hop’ Feature to Ease Cross-Border Transactions in S. East Asia

In traditional banking, for there to be a cross-border payment, two banks had to be directly connected on a one-on-one basis. The situation in the Association of South Eastern Asian Nations (ASEAN) was exactly this way up until the Siam Commercial Bank (SCM) –  a member of RippleNet – became the first financial institution in […] The post RippleNet’s ‘Multi-Hop’ Feature to Ease Cross-Border Transactions in S. East Asia appeared first on Ethereum World News.

2018-9-29 10:51


Ôîòî:

RippleNet Extends Its Reach to 40 Countries for Remittance and SME Transactions

In a world with an ever-growing number of digital currencies and blockchain projects, Ripple is unique as it came with a predefined and much-needed use case. The blockchain technology was to be used to help large institutions like banks easily transfer money globally without going through the hassles of foreign exchange rates and days of […] RippleNet Extends Its Reach to 40 Countries for Remittance and SME Transactions was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-23 19:13


The World’s Biggest Banks Lead the Blockchain Charge

We’ve said it before and we’ll say it again: The future is here. Blockchain is no longer just a buzzword, but a leading solution for sending global payments. In fact, the momentum is visible: RippleNet currently counts 11 of the world’s top 100 banks by total assets as customers, all of whom are at various … Continued The post The World’s Biggest Banks Lead the Blockchain Charge appeared first on Ripple.

2018-6-18 09:58


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Crypto whales move 283 million XRP, stir market frenzy

XRP, the cryptocurrency backed by Ripple Labs, has caught the attention of crypto market participants today, May 20, as significant whale transactions have created a buzz. These movements come amid a period of highly volatile price action for XRP, prompting traders and investors to speculate on potential gains.

XRP Holders In Panic Selling Frenzy? Sub-$0.50 Looms

The price of XRP, the native token of Ripple, seems to be teetering on the edge of a short-term decline, according to an analysis of on-chain data by NewsBTC. While bulls might want to hold their horses, the report paints a picture of a market potentially succumbing to selling pressure in the immediate future.

Tether CEO slams Ripple chief’s USDT remarks: Here’s what he said

Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s […]