Bank of America uses XRP for all internal transactions, has filed 83 patents on Ripple technologies, and is a member of the RippleNet Steering Committee for developing interbank settlement standards 📝

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David Strijewski, the CEO of Sound Planning Group, stated on FOX Business that Bank of America uses XRP for all internal transactions. He also noted that the bank has filed 83 patents related to blockchain technologies associated with Ripple. Bank of America is a member of the RippleNet Steering Committee, which develops standards for interbank settlements using Ripple technologies. In 2017, the bank filed a patent for a settlement system based on a distributed ledger similar to Ripple.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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