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XRP Adoption Boost: Ripple Confirms Partnership With Bank Of America

cryptogazette.com

The presentation featured mock demos of both Ripple’s XRP-powered cross-border payments products ODL and the messaging system that’s not based on XRP. They also triggered a debate on how the Bank of America is using Ripple’s network of banks and financial institutions.

DigitalGen Financial Services CEO Panos Mekras said that Ripple’s payment messaging product demo used Bank of America, and the ODL demo used the money transfer business Fast Remit as a corporate example. Back in July, during a podcast, Julie Harris, Bank of America’s head of global banking digital strategy, addressed the relationship with Ripple: “Client experience, and that combination of the high touch and high tech, is really important in a big area of focus for us.

Read in Full: cryptogazette.com
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