XRP News: Bank of America Adopts Ripple Token For 100% Internal Transactions

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Ripple‘s impact in the cryptocurrency sector persists, marked by consistent achievements regarding adoption and market value. A recent development about XRP suggests that Bank of America employs the Ripple token for all its internal transactions. Let’s delve into the veracity of this statement and evaluate its potential influence on the XRP price.

David Stryzewski Claims Bank of America Uses XRP

During a recent interview on FOX Business, David Stryzewski, CEO of Sound Planning Group, shared that Bank of America has fully adopted XRP for all their internal transactions. This news about XRP also mentioned that the bank has filed 83 patents related to Ripple, suggesting that its native token could serve as a key building block in financial systems of the future.

Significantly, there’s no definitive proof supporting these assertions. Nevertheless, there are records suggesting a partnership between the banking institution and the blockchain transaction system. Stryzewski expressed optimistic opinions towards the Ripple token. He believes that XRP is forward-thinking despite regulatory limitations, and the success of RLUSD stablecoin could bolster its influence in the payment industry.

“XRP is going to be the track that everything runs on in the future”

JUST IN: Fox Business Discussing Ripple & $XRP Connection To Bank of America!

“Ripple is going to be the track that everything is running on in the future”

Bank of America, as previously mentioned, handles all its internal operations. They hold a total of 83 patents related to this system.

Bank of America, as I previously stated, manages their own internal processes. They have obtained 83 patents for the technology they use in doing so.

— Good Morning Crypto (@AbsGMCrypto) January 7, 2025

The recent news about XRP has sparked optimistic feelings among its owners, who view Bank of America’s adoption as potentially broadening the reach of XRP across the United States.

Ripple Tokens Eyes Global Adoption in Payments

Ripple introduced its RLUSD stablecoin with the aim of achieving worldwide popularity and recognition. It’s worth noting that the Ripple blockchain payment network also played a role in the 2024 elections by contributing large sums towards Donald Trump’s inauguration. Brad Garlinghouse, CEO of Ripple, disclosed that these donations were made to foster growth within the cryptocurrency sector and to observe the development of crypto regulations.

The encounter with Donald Trump resulted from the Ripple CEO’s active involvement, marking another noteworthy event that bodes well for the Ripple token. Analysts believe this meeting, coupled with Bank of America’s XRP announcement, will significantly impact the digital payment network in terms of regulatory issues and global acceptance. This could potentially lead to a sustained increase in the XRP price over the long term.

Will XRP Price Hit $4 With This XRP News?

Despite the current dip in XRP’s price trend, there’s a strong indication that it could perform strongly in the upcoming weeks, based on its robust performance over the last two months and recent climb to a seven-year high. Analysts are anticipating a significant price increase for the Ripple token by the end of January. As per CoinmarketCap data, XRP is currently trading at $2.32, but experts forecast a long-term goal of around $3.50-$4 in early February. Factors such as regular usage, collaboration with RLUSD, and other major elements are expected to contribute significantly towards this milestone.

What’s In There For You?

David Stryzewski posits that, as of yet unverified, XRP is on track for international acceptance beyond the U.S. Numerous financial entities are considering adopting this blockchain technology, potentially transforming the Ripple token into a global payment system infrastructure. The introduction of RLUSD is set to make a substantial impact in this regard. At present, the technical signals and market trends suggest a temporary price drop, but it’s anticipated that the XRP value may soar to $4 by February 2025.

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2025-01-08 18:44