The Director of Global Banking at Bank of America praised the Ripple cryptocurrency project and its ability to integrate with traditional banking services.
Podcast, Julie Harris of BoA discussed emerging payment options for businesses and how this can improve efficiency. “Data-reactid =” 20 “> Speaking on a podcast, Julie Harris of BoA discussed emerging payment options for businesses and how it can improve efficiency.
“It is not about our platform and our capabilities, it is about you as a customer and the infrastructure you have and our ability to integrate with us, whether with platforms forms and capacities that we have built or with the partnerships that we have with Ripple or Swift. ” She said.
“These are Fintechs with whom we work in partnership. They have gone through all of our legal rigor and compliance and we are able to leverage our banking services as a platform to provide that to you.”
Speculation surrounding Ripple’s ambiguous partnership with the Bank of America has intensified over the past four years, Ripple revealing in October that he has been working with the bank since 2016.
So far, no details of the partnership have been announced by either Ripple or the Bank of America, but we can assume that it is based on cross-border payments in light of Harris’ comments on Ripple alongside Swift.
The price of Ripple’s XRP token has remained stable despite the comments and rumors that followed, it is now being traded with the resistance level of $ 0.20.
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About Ripple (XRP)
Ripple is a real-time gross settlement system (RTGS). It can be traced back to 2004 when a web developer by the name of Ryan Fugger came up with the idea of creating a decentralized monetary system that could effectively allow individuals to make their own money.
Top 10 cryptocurrencies& nbsp; by market capitalization. “data-reactid =” 31 “> It is one of the largest cryptocurrencies and one of the top 10 cryptocurrencies by market capitalization.