Bank of America (BoA) is allegedly using XRP Coin for its internal transactions and has filed 83 patent applications related to Ripple. This news, together with Ripple's RLUSD launch and industry collaboration, is driving XRP towards global adoption. In the meantime, experts predict that the XRP price will make a new ATH at $4 by February.
David Stryzewski: BofA is using XRP Coin! In a recent FOX Business interview, David Stryzewski, CEO of Sound Planning Group, revealed that Bank of America has integrated XRP for 100% of its internal transactions. Stryzewski noted that the Bank has also filed 83 patent applications around Ripple. In this context, he explained that this development makes XRP a core component of finance in the future.
Notably, there is no conclusive evidence behind these claims. However, there is some documented evidence that points to collaboration between the banking institution and the Blockchain payment network. Stryzewski also shared his bullish views on XRP. He concluded that XRP is progressive despite regulatory restrictions and that the RLUSD stablecoin success will strengthen its position in the payments sector. In this context, Stryzewski made the following statement:
Fox Business Discusses Ripple and XRP Connection with Bank of America! Ripple will be the track on which everything runs in the future. Bank of America, as I said, was doing 100% of their internal transactions. They have 83 different patents on this and amazing things are going to come out soon. Will Bank of America Leverage Ripple and XRP Ledger in 2025?
Ripple Tokens drive global adoption in payments This XRP news has triggered bullish sentiments among token holders. Many see Bank of America’s adoption as expanding the scope of adoption across the US. Meanwhile, Ripple has launched its RLUSD stablecoin for global adoption and acceptance. Interestingly, as you have been following on Kriptokoin.com, Ripple also contributed to the 2024 elections. Accordingly, it donated millions of dollars to Trump’s inauguration. Ripple CEO Brad Garlingouse explained that these donations were to witness the development of the crypto industry and crypto regulations.
This participation allowed the Ripple CEO to meet Donald Trump. This is another remarkable moment that offers a bullish outlook for XRP Coin. Analysts see this meeting and Bank of America’s XRP news as influential factors that helped the digital payment network with regulatory issues and global adoption, eventually bringing a long-term XRP price uptrend.
Will the XRP Coin price reach $4 with this news? Despite today’s downtrend, the long-term price trajectory points to XRP’s bullish performance in the near future. Given its bullish performance over the past two months and its seven-year high, analysts are predicting a major price increase for XRP Coin by the end of January. Currently, XRP is hovering at $2.32. However, experts predict a long-term target of $3.50 to $4 in early February.
