Sound Planning CEO on FOX Business: Bank of America Implements 100% of Internal Transactions on XRP, Holding 83 Patents

Bank of America is reportedly using XRP for “100% of its internal transactions” and has filed 83 patents related to Ripple’s blockchain technology, according to David Stryzewski, CEO of Sound Planning Group. Stryzewski expressed optimism about XRP’s future, stating that it will be the primary platform for financial transactions. He also highlighted Ripple’s progress in the payment market, including the recent launch of its stablecoin. While Stryzewski’s claims have sparked discussions in the XRP community, it has not been officially confirmed that Bank of America is using XRP for all internal transactions. However, Bank of America is a member of RippleNet and serves on its Governance Committee, indicating a connection between the two entities. In 2017, Bank of America filed a patent for a settlement system that mentions a “ripple” distributed ledger, although it does not directly reference XRP.