The Bank of America recognizes Ripple as a possible exception for cross -border processing, but the influence of blockchain was restricted as a whole

Von Krypto News Österreich

Die Bank of America erkennt das Potenzial von Ripple im Bereich grenzüberschreitender Abwicklungen an. Obwohl die Blockchain-Innovation insgesamt einen großen Beitrag zur Digitalisierung von Geschäftspapieren und Transaktionen geleistet hat, blieb ihr Einfluss auf grenzüberschreitende Abwicklungen im Vergleich zur dominanten Position von SWIFT GPI begrenzt. Venkat, Head of Treasury Products APAC bei der Bank of America, betonte jedoch, dass Ripple als „mögliche Ausnahme“ betrachtet wird. In den letzten Jahren hat Ripple Beziehungen zu verschiedenen großen internationalen Banken aufgebaut, darunter auch die Bank of America. Im April 2020 bestätigte Julie Harris, Head of Global Banking bei der Bank of America, die Zusammenarbeit …
The Bank of America recognizes the potential of Ripple in the area of ​​cross -border processing. Although the blockchain innovation has made a major contribution to the digitization of business papers and transactions as a whole, its influence on cross-border processing was limited compared to the dominant position of Swift GPI. Venkat, Head of Treasury Products APAC at the Bank of America, emphasized that Ripple was seen as a "possible exception". In recent years, Ripple has established relationships with various large international banks, including the Bank of America. In April 2020, Julie Harris, Head of Global Banking at Bank of America, confirmed the collaboration ... (Symbolbild/KNAT)

The Bank of America recognizes the potential of Ripple in the area of ​​cross -border processing. Although the blockchain innovation has made a major contribution to the digitization of business papers and transactions as a whole, its influence on cross-border processing was limited compared to the dominant position of Swift GPI. Venkat, Head of Treasury Products APAC at the Bank of America, emphasized that Ripple was seen as a "possible exception".

In recent years, Ripple has established relationships with various large international banks, including the Bank of America. In April 2020, Julie Harris, Head of Global Banking at Bank of America, confirmed working with Ripple in a podcast. The bank strives to give its customers the opportunity to make purchases at any time and anywhere through new services. Ripple is named as one of the main companions of the financial institution.

There are still reports on a close partnership between Ripple and the Bank of America. At the Ripple Swell 2022 seminar, CEO Brad Garlinghouse indicated that the Bank of America would achieve an advantage by using the on-demand liquidity element (ODL), especially according to the current legal disputes with the Securities and Exchange Commission (Sec) of the USA.

The cooperation between Ripple and the Bank of America shows the potential of Ripple in the area of ​​cross -border processing. Although Swift GPI is currently the preferred solution for cross -border processing, the Bank of America Ripple recognizes as a possible alternative. The use of Ripple’s Odl can help the banks to carry out fast and efficient cross-border payments and to enable almost real-time data transmission. The future of Ripple in the area of ​​cross -border processing remains exciting and is still observed by experts and industry observers.