Bank of America is reportedly using XRP for all internal transactions, a claim made by David Stryzewski from Sound Planning Group. This announcement has generated excitement in the XRP community as the partnership between Bank of America and Ripple has been established over years, fueled by patents and participation in RippleNet.

The use of XRP by Bank of America could mark a significant moment for crypto adoption in traditional banking. If confirmed, this could lead other financial institutions to consider similar steps. Ripple’s advancements, like the introduction of a new stablecoin, show continued innovation despite regulatory challenges.