Sunday, April 11, 2021

Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

Ripple, the San Francisco based blockchain firm, has now officially included Bank of America (BoA) on the list of top RippleNet customers on its website.

This new move exhibited by the blockchain payment behemoth met the second-largest digital currency by market cap, XRP, at $0.46 price level. At press time, XRP is trading at $0.485449, with a 6.85% price uptrend in the last 24 hours.

Moreover, Ripple’s On-Demand Liquidity (ODL) across all corridors, such as Mexico’s Bitso, Australia’s BTC Markets, among others, have been bullish over the past few days, moving an extremely large sum of XRP to the tone of 310 million coins.

Read Also: Credible Crypto Says Selling XRP Now Is Like Selling BTC at $197; XRP Is Gathering Momentum for a Huge Bull Run

Bank of America Officially Added to the List of Top RippleNet Members

Obviously, Bank of America (BoA) is one of the largest banks in the United States. It’s also one of the most popular banks across the world. And it has, over the years, showcased its great impact on the financial industry.

A number of times in 2020, the top bank has showcased that it’s either testing or using some of the products of Ripple.

In the course Ripple’s 2020 annual Swell conference, which was conducted online due to the widespread of Covid-19 that brought about the total lockdown, Bank of America showed that it’s using Ripple’s xCurrent product.

Also, back in 2019, BoA filed a patent to register a product powered by blockchain. Ripple also affirmed that the bank has been one of the top banks on its list of customers since 2016.

Read Also: TPBank Connects with RippleNet to Drive Global Payment between Vietnam and the World

Howbeit, this development has not been officially indicated on its official website until now. Bank of America has now filled its rightful position in the company of other large RippleNet members, such as Santander, Nium, Standard Chartered, and others.

Ripple Has Officially Added Bank of America (BoA) to the List of Top RippleNet Members on Its Website

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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