Bank of America Works with Ripple on a Joint Secret Project

Bank of America is one of the largest banks in the United States, is actively collaborating with Ripple Lab and is most likely testing its technology in its products. The second-largest US bank is going to introduce distributed registry technology in the financial sector in the future – such a conclusion comes from information received.

A Ripple spokeswoman neither confirmed nor denied this information, she only stated that the parties had some kind of joint pilot project. She declined to comment on further details.

Recall that BoA employees have long advised RippleLab on legal compliance issues. But based on the information about the joint project, it can be assumed that their relationship has become much closer.

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