Bank of America Using XRP for All Internal Transactions? CEO Claims Spark Crypto Buzz

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In a recent appearance on FOX Business, David Stryzewski, CEO of Sound Planning Group, made a bold assertion that has reignited interest in the intersection of traditional banking and blockchain technology: Bank of America is using XRP for 100% of its internal transactions.

Stryzewski’s comments, delivered during an interview on January 7, suggest a deep integration between one of the world’s largest financial institutions and Ripple’s digital asset infrastructure. While these claims remain unverified by official sources, they have sparked widespread discussion across financial and crypto communities about the potential future of banking operations powered by blockchain.

Ripple’s Role in the Future of Finance

Stryzewski didn’t mince words when describing Ripple’s significance in the evolving financial landscape. He referred to Ripple’s network as the “track that everything’s going to be running on in the future,” emphasizing its foundational role despite ongoing regulatory challenges.

“Ripple was the second-largest coin before the SEC’s investigation,” Stryzewski stated. “They filed this really weird lawsuit against them, and basically, Ripple is going to be the track that everything’s going to be running on in the future.”

He also pointed out that Ripple has recently launched its own stablecoin—a development that could further enhance its utility in institutional finance. Combined with Bank of America’s alleged adoption of XRP across all internal settlements, Stryzewski believes we’re witnessing the early stages of a financial revolution driven by decentralized infrastructure.

“They created their own stablecoin right now, and Bank of America—like I said—was doing 100% of their internal transactions. They’ve got 83 different patents on it, and there’s some incredible stuff that’s going to be coming out.”

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Are Bank of America and XRP Truly Integrated?

Despite the striking nature of Stryzewski’s claims, no official confirmation has been released by Bank of America or Ripple confirming that XRP is used for 100% of internal transactions.

However, there are documented ties between the bank and Ripple’s ecosystem:

Notably, while the patent references Ripple-like mechanisms, it does not explicitly name XRP as the digital asset in use. This distinction is critical—Ripple’s technology (such as RippleNet and xCurrent) can operate independently of the XRP token, allowing institutions to leverage blockchain efficiency without direct exposure to cryptocurrency volatility.

Understanding the Difference: Ripple Technology vs. XRP Token

One common source of confusion in discussions like these is conflating Ripple the company and its enterprise solutions with XRP, the digital asset.

So while Bank of America may be leveraging Ripple’s infrastructure for operational improvements, that doesn’t necessarily mean it's transacting in XRP at scale—let alone across 100% of internal operations.

Patent Activity Signals Long-Term Blockchain Interest

Stryzewski cited Bank of America’s portfolio of 83 blockchain-related patents as evidence of its commitment to distributed ledger technology (DLT). That number aligns with public records showing the bank as one of the top filers of blockchain patents globally.

These patents cover various applications:

This sustained innovation effort suggests Bank of America is preparing for a future where blockchain plays a central role—even if full-scale XRP adoption hasn’t yet materialized.

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Regulatory Landscape and Market Sentiment

The SEC’s ongoing legal battle with Ripple has cast a shadow over XRP’s status in the U.S., particularly regarding whether it qualifies as a security. However, recent court rulings have provided some clarity, with judges acknowledging that XRP can function as a currency in certain contexts.

This regulatory nuance matters: if major banks perceive XRP as compliant and efficient for settlement purposes, adoption could accelerate—even quietly behind the scenes.

Market sentiment has also improved following these developments, with institutional interest in digital assets rising steadily. The idea that a giant like Bank of America might already be using XRP internally—whether fully or partially—resonates with growing expectations that traditional finance (TradFi) and decentralized finance (DeFi) will eventually converge.

Frequently Asked Questions (FAQ)

Q: Has Bank of America officially confirmed using XRP for internal transactions?
A: No. As of now, there is no public statement or documentation from Bank of America confirming that it uses XRP for any portion of its internal operations.

Q: Is Bank of America part of RippleNet?
A: Yes. Bank of America is listed on Ripple’s official website as a participant in RippleNet and a member of its Governance Committee.

Q: Can banks use Ripple’s technology without using XRP?
A: Absolutely. Solutions like xCurrent allow banks to process cross-border payments using Ripple’s protocol without needing to transact in XRP.

Q: What is On-Demand Liquidity (ODL), and does Bank of America use it?
A: ODL is Ripple’s solution that uses XRP to provide instant liquidity for cross-border payments. There is no evidence that Bank of America currently uses ODL.

Q: Why would a major bank use blockchain for settlements?
A: Blockchain enables faster settlement times (near real-time), reduces counterparty risk, lowers transaction costs, and improves auditability—all critical advantages over legacy systems like SWIFT.

Q: Could Stryzewski’s claims still influence XRP’s price?
A: Yes. Even unverified statements from industry figures can impact market sentiment and trigger short-term price movements due to speculative trading.

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Final Thoughts: Separating Hype from Reality

While David Stryzewski’s claim that Bank of America uses XRP for 100% of internal transactions remains unverified, it highlights a growing belief: blockchain technology is no longer just for crypto enthusiasts—it's becoming essential infrastructure for modern finance.

Whether or not XRP is already embedded in Bank of America’s core systems, the bank’s active participation in RippleNet and its extensive blockchain patent portfolio signal long-term strategic alignment with decentralized innovation.

As regulatory clarity improves and institutional adoption expands, we may soon see more transparent integrations between major banks and digital assets like XRP. Until then, claims like Stryzewski’s serve as both cautionary tales and catalysts—reminding us to verify information while staying open to transformative possibilities.

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