Bank of America Officially Adopts XRP

Bank of America has made a major change after deciding to use XRP for “100% of internal transactions.”

Bank of America is now using XRP for “100% of its internal transactions,” David Stryzewski, CEO of Sound Planning Group, told FOX Business.

Stryzewski said that Bank of America has filed 83 patents related to Ripple’s blockchain technology, integrating XRP into the bank’s daily operations. He also expressed optimism about XRP’s potential, asserting that it will become an important tool in the financial industry.

On FOX Business, he emphasized: “XRP will be the platform that everything will run on in the future.” Stryzewski also reinforced his positive assessment of XRP by pointing out that, despite regulatory hurdles, Ripple is still making steady progress in the payments sector.

He also mentioned Ripple’s recent stablecoin launch, seeing it as a move that will help strengthen the company’s position in the payments industry.