Bank of America To Partner With Ripple for ODL Services After XRP Lawsuit Finishes
Bank of America is reportedly waiting for the end of the U.S. Securities and Exchange Commission (SEC) court case against Ripple to join forces with the San Francisco-based payments company.Ripple Labs announced record growth of their ODL products despite the SEC lawsuit alleging that XRP is a security.
At Ripple Swell 2022 in London, Ripple Labs CEO Brad Garlinghouse reportedly told Linqto Director of Member Sales Nick Burrafato that Bank of America is waiting for the court case to settle before using Ripple’s on-demand liquidity (ODL) products. Ripple Labs also named Bank of America as a key member of its global payments network.Said Julie Harris, Bank of America’s head of global banking at the time.
Source
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