Brighter Times Lie Ahead For XRP As Bank Of America Heaps Praises On Ripple's Cross-Border Payments.
10 Jul 2023, 08:00
Brighter Times Lie Ahead For XRP As Bank Of America Heaps Praises On Ripple’s Cross-Border Payments
In a recent report by Bank of America, the role of Ripple in the payments industry, especially in the Asia-Pacific (APAC) region, has been hailed by the second-largest bank in the United States. A team of analysts from the bank is unabashedly bullish on the company’s tech.
Bank Of America Endorses Ripple As A “Possible Exception”In a recent report by Bank of America entitled “Breaking New Ground: Harnessing Payments Innovation in APAC”, the bank highlighted the role of blockchain in digitizing trade documents and the potential of Ripple’s frictionless remittance solutions to transform cross-border payments.
Bank of America acknowledges the evolutionary power of technology in enabling real-time payments. According to the bank’s report, APIs are the primary catalysts for the adoption of real-time payments, and they have revolutionized both customer connectivity and transaction processing.