Is It True That Bank Of America Will Soon Adopt A Ripple

Is it true that Bank of America will soon adopt the Ripple, the Ripple Project already complicated from the start. This involves the use of blockchain technology from the bosom of the Ripple to allow for international transactions that effectively cheap and quick. It also has to do with cryptocurrency known as-XRP. -XRP and blockchain him never made for retail purposes. Team Ripple made it specially for banks and financial institutions around the world and now adopted globally.

Some time ago, the Ripple made an agreement with Banco Santander. Global financial institutions announced that they would adopt the platform of the Ripple xCurrent to conduct international transactions. As if this wasn't enough as good news, Bank of America will probably follow soon.

Although the news has not been announced officially, there are claims on Reddit that partnership will soon be official. Posters claiming that the text is a document from the presentation. Its content is as follows:

"Ripple offers the opportunity to dramatically reduce the complexity inherent in the transaction and allow its partners eliminate errors and standardize the format of the data protocol and reconcile data via blockchain ripple. The goal is to create an environment for the cross-currency payments efficiently by eliminating many costs, reducing resolution time and offers greater transparency over costs, FX, and data together. "<

Although no official announcement that Bank of America will adopt a Ripple, perhaps they might be preparing to embrace the technology blockchain. Blockchain can be used for international transactions in place of a slow, error-prone and expensive SWIFT system.

Whether the rumors were true or not, the Ripple was ready to leave the SWIFT payment system. With over one hundred banks and financial institutions adopt Ripple, no one knows how far blockchain will go away. If Bank of America joined other agencies only, will follow.

So, this is the best time to collect it in your portfolio. When the price goes up, you'll start to get it.