XRP Adoption Boost: Ripple Confirms Partnership With Bank Of America

Ripple’s Swell conference turned out to bring some pretty interesting news. During a presentation, there were revealed details that promoted Ripple’s partnership with Bank of America.

The presentation featured demos for XRP’s ODL and the messaging system

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.

These demos triggered maximum enthusiasm among investors and advocates of 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. So not just the capability but the actual experience and ability to get things done anytime, anywhere because we are an around-the-clock society,” as cited by the Daily Hodl.

A Twitter follower said:  “SWELL 2020 was huge in my opinion since we had two big indications that ODL usage will increase soon:- First the slide showing senders holding XRP. – The Flywheel slide showing we’re close to the last stage: “Boosting with digital assets.” Isn’t this what we want?”

Ripple explores new use cases for XRP

It’s been recently revealed that a  job advertisement for the senior software engineer post just unveiled the fact that Ripple started exploring new use cases for XRP.

More than that, a job ad for the director of developer relations post addresses boosting RippleX adoption.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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