Ripple (XRP) Gains After Bank of America Includes Ripple Ledger


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Ripple

Ripple (XRP) has turned bullish as the number of banks leveraging its decentralized network for cross border payments continues to rise. Reports that Bank of America has filed a patent for a settlement system citing Ripple ledger is one of the catalysts fuelling XRP price action right now.

Ripple Price Catalysts

The patent describes a system that utilizes a distributed ledger technology to facilitate interbank communication. With the proposed system, BAC seeks to enable real-time settlements through a decentralized ledger.

The filing of the patent is of great importance as it comes at a …

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